[Joanne94]

I get it. Thank you very much!

[Joanne94]

Alright, thank you John!

I understand better now. Except it’s still confusing on what the budgeted overheads are, are they the fixed manufacturing total of the month(1,120,000)? I will re-watch the lectures.

Thank you.

[Joanne94]

Hello John,

Thank you for reiterating about the discounts allowed account. However, (please excuse silly question) I still don’t understand how the figure $1,310 is got. For receivables and sales. It’s not provided in the question and only became clear in the question Solution. Please guide where I’m wrong.

Thank you!!

[Joanne94]

Thank you John. I appreciate your timely response. However, it is still unclear. It is only December’s amount, accrued? The question states the water expense for 2018 is paid for in January 2019, including December’s. Is the amount 1700 a payable? Please help!!

Thank you.

[Joanne94]

Thank you John!

I’ll be sure to re watch the lectures.

Much, much appreciated.

[Joanne94]

I have watched the lectures, why do we not subtract the AD from cost to give NBV using the straight line method? I still don’t get it, confusing!

[Joanne94]

Thank you for the explanation. I’ll do as advised.

[Joanne94]

Okay. Understood Sir. My mistake.
Thank you.

[Author]

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