[accastudent1994]

Please i need to clarify

Which of the following should be classified as assets
A payables
B motor vehicles
C discount received
D tax refund due
In the kit they say the answer is D but i think is B
Why do they think the answer is D????

[accastudent1994]

Okay thanks…so when trying to compare…do u compare between master budget and actual budget…or flexed budget and actual budget?

[accastudent1994]

Do we still have to study variances ,in Ma1 syllabus… Or in Ma2???

[accastudent1994]

Ohhhhh yeah i understand now…thank u!!!

[accastudent1994]

Please i need to clarify on this question

Receipts and issues of raw materials for a period were:
Units $/unt cumulative $
Day1 balance. 160. 3.70. 592
Day2 receipt. 230. 3.60. 1420
Day5 issue. 110.
Day8. Issue. 150

Using LIFO inventory pricing method ,what is thr total cost of thr issue on day 8?…am getting 540 but they say answer is B….how is that??

A $540
B $543
C$545
D$ 555

[accastudent1994]

Thank you so much…..this is really helping me

[accastudent1994]

Wow i did not know that
Please am about tp write my ma1 exam ..how do you get rid of all the nervousness? Am so nervous

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