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To Mr Moffat – Thank you

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › To Mr Moffat – Thank you

  • This topic has 3 replies, 2 voices, and was last updated 3 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 30, 2022 at 6:49 pm #656900
    tayacca
    Participant
    • Topics: 12
    • Replies: 11
    • ☆

    I have passed my MA exam over this weekend. Thanks for your free lectures, they absolutely made sense plus your help answering some doubts about some concepts. I completely skipped statistical techniques chapter but still passed comfortably.
    I have one question which came in the exam it was something like this.. not the exact figures tho..
    Two products X:y are budgeted to sell with 2:1 ratio.
    Selling price
    X: 8 per unit
    Y: 12 per unit
    Total budgeted sales are 140,000
    What is the budgeted sales for product Y.
    I don’t remember multiple choice answers though and I didn’t understand the question so I only guessed it not sure if it was correct or incorrect.
    Please explain.
    Thanks again

    May 31, 2022 at 7:52 am #656927
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54674
    • ☆☆☆☆☆

    Congratulations on passing your exam 🙂

    I assume that $140,000 was the total sales revenue (and not the number of units).

    For every 3 units they sell, 2 will be of X and 1 will be of Y. So for every 3 items the revenue will be (2 x $8) + (1 x $12) = $28.

    Therefore the total number of sets of 3 items will be 140,000 / 28 = 5,000.

    So they will be budgeting on selling 10,000 of X and 5,000 of Y.

    May 31, 2022 at 5:09 pm #656987
    tayacca
    Participant
    • Topics: 12
    • Replies: 11
    • ☆

    Thanks Mr Moffat it does make sense now..
    Thanks for responding.
    Kind regards

    June 1, 2022 at 6:50 am #657033
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54674
    • ☆☆☆☆☆

    You are welcome.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘To Mr Moffat – Thank you’ is closed to new replies.

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