[yusra97]

Ok sir i got it! Went through your notes

[yusra97]

So how to calculate?

[yusra97]

So i am right? The answer should be 2 only

[yusra97]

And one more question
Aalia CO absorbs production overheads at the rate of $1.20 per machine hour
The monthly data for April 20X6 is as follows
Production overheads $20,500
Machine hours 20,200
Which of the following amounts would be shown as a DEBIT entry on the production overhead account?
1) Production overheads incurred $20,500
2) Over absorption of production overheads 3470
3) Production overheads absorbed $24,240
Sir answer should be 2 only but the answer written is 2 and 3?
Pls explain this?

[yusra97]

thankyou

[yusra97]

Hi i have exam in 3 days!
I got 33% in first practice test then second 55% and then third 46%.. i think i will fail the real exam. I should get 60% above
I completed bpp and didnt do kaplan.
Tell me what to do? i did watch open tuition lectures but i forget things too

[yusra97]

One more problem! Sir i remember you said expenditure is dependant on the labour hours worked something like that. Can you tell me again?

[yusra97]

Fixed OH expenditure variance*

[yusra97]

Expenditure variance formula is Actual expenditure – Budgeted expenditure?
Right? Sometimes there is oar and sometimes not. I get confuse. The lecture i saw of yours you didnt use oar in it

[yusra97]

Sir but you told that expenditure variance is based on hours?

[yusra97]

A firm uses flexible budgets. The budget for overheads is $45000 based upon production of 9000 units. Overheads are a semi-variable cost and 60% of the budgeted overheads are fixed. In a periods 8,100units were produced.

What was overhead flexible budget for the periods?
Correct answer is $43,200
Sir sorry i didnt wrote the correct question. How is it 43,200?

[yusra97]

Sir are 10 days enough to pass the exam? I have the exam on 11th october

[yusra97]

Where do i lack in question 1 above? I have watched your free lectures sir

[yusra97]

sir sorry i was confused , went through the lectures notes i wrote from your lecture. got it now thanks sir

[yusra97]

but sir they produced 25000 and sold 24000 so that means inventory is decreasing? how do we know which one is opening inventory and closing.

[yusra97]

and how is it -10?

[yusra97]

sir i dont get how 13% have come? yes sir i have watched ur lectures

[yusra97]

sir i want to complete my acca as soon as possible… i am not intelligent but maybe hardwork can let me achieve..i dont have a degree at the age of 22..i want to get a degree by the age of 24 atleast..it seems impossible..

[yusra97]

Sir i have passed FA (f3) with 68% marks..so you recommend me to take FMA(F2) AND LW(F4) in these 3 months?

[yusra97]

sir what if i give Management accounting (f2 ) and (f7) Financial reporting this december? okay i have reconsidered my decision ..Will i be able to pass? My cousin who is doing CA says f7 (financial reporting ) is a very tough paper..you do LW(F4) AND MA(F2) till december . What do you recommend sir?

[yusra97]

Thankyou so much sir for the advice..yes sir i looked into the questions..i read them and i found what silly mistakes have i made…some questions i had proper concept but i made silly mistakes..and in some questions i got confused..okay i will revise kaplan kit questions too..bpp ones are left..hopefully i pass sir..thanks for the help though. and i have decided just a day before i will revise all acca exam papers questions..like re-do all the exam papers..that helps too!

[yusra97]

i am short of all the mocks now.. i have done all the mocks. so i can take 4 days and then give the paper? like practice all my mistakes and clear concepts more. will i pass?

[yusra97]

OH! Btw guys i purchased f3 exam papers from acca website..i got 57% then 51% and then 60% am i still not ready coz i should get 70% or 80% isnt it? will i be able to pass? it’s been so many days since i am studying this paper. i want to get over. i dont know if it’s the right time to give the paper

[yusra97]

why inventory of raw material have affected the gross profit whereas stationary expense wont? if it’s not affecting why are we subtracting? 50-10=40 gross profit nd net profit 40-10=30

[yusra97]

sir we need to correct the error..we should subtract 3000? coz we considered it capital expenditure and revenue to be added..coz we considered it as capital receipt..but at the back the answer only states of adding it all..no reason given..i do understand the concept but we need to correct error to get the net profit

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