[Nullu]

What’s the point everyone asks individually on the ASK TUTOR section when it’s just 1 or 2 parts that everyone is confused? Isn’t it more efficient that we get answers here directly under the video what’s been wrongly presented so that we can all reflect at the spot without duplicating work?

I wonder what is the reason behind of promoting utilising Ask Tutor section in this case.. Just one comment from the teacher to correct things would have been much easier for everyone..

[Nullu]

One more to ask on the example 2. On the note, answer displays ‘Dividends received 180’ however on the question it’s ‘Interest income 180’. Shouldn’t the answer be ‘Interest received 180’? I checked the recording and apparently question also looks different with the outdated version, as ‘Investment income 180’, hence in this case ‘Dividends received 180’ would be correct.

I understand that the recording is not updated yet. However it is really confusing for students and it takes a lot of time comparing the recording with the notes to understand what’s changed and how I should adjust (different wordings etc). I wish there was at least a comment from teacher what should be updated from the recording so that it’s less confusing for students. Just my 1 cent here, thanks for everything! Very helpful lectures regardless. 🙂

[Nullu]

Hi Mike, thanks so much! I passed the exam thanks to you and Opentuition!

[Nullu]

Sure thing, just did! Appreciate if you could get back to me on this. Thanks!

[Nullu]

Hi, yes I am sure I have given you the full question. I literally copied and pasted the whole question and answers by text detection program. My only suspect would be from this line “Mildred with the stipulation that acceptance should occur on 31 March at 12” which may imply that the offer is irrevocable, but honestly I don’t know. I am not agreeing with the answer, if you have the BPP practice book (the most recent ver.) please have a look at 4.14.

Appreciate as always, Mike!

[Nullu]

I see, thanks for the extra context. All good now, thanks!

[Nullu]

Hi sir, this is resolved from your answer here: https://opentuition.com/topic/standard-costing-69/#google_vignette

I was confused a very basic concept, I thought that direct labour is always a variable cost and did not calculate cost per unit at all. All good now, thanks!

[Nullu]

Ah I see, yes indeed I have but I’ve come back from holiday and I seemed to have forgotten some important concept.. Appreciate your reply! Thank you.

[Nullu]

To me, answer should have been

Cost per expected unit = ($22,500 + $2,100 + $840) / 13500 = $1.88444444
Normal loss: 1500kg x 0.56 = $840
Abnormal loss: 500kg x 1.88444444 = $942

BPP answer is Normal loss: $840, Abnormal loss: $880.

If I did something wrong, please correct me. Thank you.

[Nullu]

Oh I got it, thank you so much for the kind answer!!

[Nullu]

Thank you!

[Nullu]

Thanks for the reply, sir.

I see, then for MA exam, can I consider those three terms meaning the same thing? I’m asking this as some of the BPP questions treat those three terms as same, for example,

17.10 answer referred ROI = (Profit/capital employed) x 100%
whereas according to the OpeuTuition lecture, ROI = (Profit/*net assets*) x 100%

I’ve encountered a few of these examples which confused me a lot, and came up with “Total long term capital = capital employed = net assets”, following BPP MA answers.

Would this be a problem if I apply this logic ONLY for the MA exam?

Thanks!

[Nullu]

Thank you! The explanation helped me understand 🙂

[Nullu]

Hi sir,

Yes absolutely, I always go through your lecture first, practice by myself and move on to the BPP Revision kit.

Ok, we have to use actual purchases and compare the actual cost with the standard cost, which means that we should set the material for 12,000 kg and compare the cost in this case.

Thank you so much.

[Nullu]

I got the Usage part by going through “https://opentuition.com/topic/basic-variance-analysis-section/”. Just Material price explanation would be great, thank you!

[Nullu]

I got this finally, thank you so much!

[Nullu]

So both of those are OK to ignore, right? Thank you so much for confirming sir!

[Nullu]

Hi, thanks for the reply.

The ones I have spotted on so far are 6.9 (mentioning of WIP in the Material Stores Control Account) and 10.4 (Opening WIP in the example).

It’d be great if you can confirm, thanks!

[Nullu]

I see, I guess I should focus on “the number of firms (suppliers, competitors)” when it comes to distinguish these two. Thank you so much for the prompt and clear explanation!

[Nullu]

I see, thank you!

[Author]

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