costing wip account
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hi does anyone have MSN thats around during the next hour at all that is'nt going to get stressed out by my asking them stupid questions about the WIP account task on june 04 paper if so could you please add me
lynmi@msn.com
thanks in advance
lynmi@msn.com
thanks in advance
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Re:costing wip account
Thanks chris and montypython for adding sorry I had to dash of before explaining the problem
the problem i'm having is with June 2004 exam task 1.5
the CR entry on the fixed overhead control of the actual o/heads does'nt make sence to me so i guess i'm missing something.
when i've done this with T account i have call the account production o/head control accout on which i DR the actual Cr the absorbed
as in
DR actual 5000 CR absorbed 4000
CR under absorbed 1000
are these 2 different account completely
any help would be great becasue at the moment i cant seem to get over this and move on with the rest of the study i need to do
thanks Lyn
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