costing wip account

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
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

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    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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