Chichester College 6-9pm Wednesdays

SandyHoodSandyHood Font Of All KnowledgeRegistered, Moderator Posts: 2,034
Do you understand
  1. Stock valuation?
  2. Stock control?

Next week labour costs
Sandy
[email protected]
www.sandyhood.com
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Comments

  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    Click on [thread=24021] unit 6 blog [/thread] to see the thread linked to a series of blogs I wrote two years ago.

    As the Chichester class will start looking at labour cost on Wednesday 28 September 2011, here are two more links.

    Labour cost pdf

    and
    The aat-interactive link where you can see the blog discussion and have the opportunity to see other blogs on this site.

    These are not extra homework, and are effectively the same. If you click on Labour cost full article it takes you to the Labour cost pdf.

    If you make the time to look at it, I think you'll prepare yourself for the class.

    A second bit of preparation is to do some ironing!!

    See how long you take to iron specific items, make a note of how long it took, and I'll let you know how we'll use the information in the class.
    Sandy
    [email protected]
    www.sandyhood.com
  • anisurrahmananisurrahman Well-Known Registered Posts: 130
    Hi Sandy

    Thank you very much for sharing with us...

    Ronnie
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    Ronnie
    Our class is so lucky that you are part of it

    Here is the stock control document
    Page 1 is the one I was asking for homework - 5 EOQ questions
    Page 2 is just another but using a scenario
    Page 3 and page 4 are looking at the definitions that have been subject to discussion on thios forum
    Page 5 is from an old ACCA paper but is relevant and brings the whole topic together
    and has a little MCQ
    Page 6 you shouldn't look at
    Sandy
    [email protected]
    www.sandyhood.com
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    Wednesday 12 October 2011 Overhead Costing

    For those of you like Meo who are unable to attend this week
    Sandy
    [email protected]
    www.sandyhood.com
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    and part 2
    Sandy
    [email protected]
    www.sandyhood.com
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    and part 3
    Sandy
    [email protected]
    www.sandyhood.com
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    Blogs on overheads



    1 Covers overhead absorption
    and
    2 Looks at under/over absorption (not this week and probably not next week either for Chichester)
    Sandy
    [email protected]
    www.sandyhood.com
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    car repair
    Sandy
    [email protected]
    www.sandyhood.com
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    Ironing
    Sandy
    [email protected]
    www.sandyhood.com
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    More ironing
    Sandy
    [email protected]
    www.sandyhood.com
  • KaySarahKaySarah Well-Known Registered Posts: 215
    Ironing Boards

    Hi Sandy

    Clicked on the .doc expecting to find some work .. instead there was a pic of you hard at your fav task :-P ironing haha
    Ta for sharing this intimate moment!!
    Ta also for the Unit 6 - labour costs the full article - not quite sure if I'm the full shilling though - but will had a good look at the FA.
    Sunrise was radiant this am _ I was up before the dawn started rubbing away at the velvet edges of night.
  • chelseababe30chelseababe30 New Member Registered Posts: 5
    At last. I finally have permission to open the files. It took long enough!
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    Another set of overhead questions
    Sandy
    [email protected]
    www.sandyhood.com
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    and more
    Sandy
    [email protected]
    www.sandyhood.com
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
  • sugarlump1989sugarlump1989 New Member Registered Posts: 6
    Hi everyone!

    On what basis should we apportion Telephone charges in the homework P.17a? It doesn't seem to fit overly well with any of the options..

    Thanks, Becci
  • KaySarahKaySarah Well-Known Registered Posts: 215
    Pg 17a - telephone charges

    Haven't even started yet Becci - Ive been at the office since 7.30 and and won't be home until 7pm - when homework will commence. If it's not too late I will post a reply then? Sorry, but my working days are very long - so homework only happens late at night.

    Have you looked at either the Floor Area or the amount of work each dept is doing and work out a proportionate percentage for it? I haven't seen the Q - so I'm going from top of my head.

    How did you do on ITX last night?

    Hope you are enjoying your day today.
  • sugarlump1989sugarlump1989 New Member Registered Posts: 6
    Whenever you have the time, just let me know how you decide to work it out. We have the Floor Area, or Direct Labour hours budgeted, but neither really makes sense to me as Telephone charges seem an admin thing, and we don't have any Department names to go by, only letters. Maybe there isn't a specific answer... we'll have to wait and see what Sandy says!

    Passed ITX =) wish they had a marking system with percentages though... How did you do?

    Becci
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    I have answers for different approaches (as you'd imagine)

    Floor area is logically no worse than any other - [size=+3] but [/size] it gives easier numbers to work with!!
    Sandy
    [email protected]
    www.sandyhood.com
  • KaySarahKaySarah Well-Known Registered Posts: 215
    I passed ITX too .. I think there are %'s - I'm just trying to figure out how to get them. Not sure if Lesley gets them or if we apply to AAT for them - I'd also like to know how much I achieved.

    I have also gone with floor area - simply because there was a definite measurement for each dept. As Sandy say - it has easier numbers ... think back to class when he asked us to divide one number by another and get a "constant" by pressing the multiply key twice - then use your floor areas. I must admit - it's taken me half an hour at least at the end of a busy day to try and fathom exactly what the heck we are supposed to be doing with this homework. Sorry my response is so late - I stayed at office to finish the most important job of the month ... Salaries :-)
  • sugarlump1989sugarlump1989 New Member Registered Posts: 6
    Floor area it is then =) thanks Sandy! See you tomorrow
  • KaySarahKaySarah Well-Known Registered Posts: 215
    Do you ever sleep Sandy?

    I never seem to have time left to spend much of it on the Internet - it always seems to take too long! and plays havoc with the eyes when you've been in front of a computer all day.

    Oh ... and someone's painted the moon black!
  • anisurrahmananisurrahman Well-Known Registered Posts: 130
    I passed ITX too.... icon10.gif

    Page 17 - section a is easy... confused about the rest
  • KaySarahKaySarah Well-Known Registered Posts: 215
    Easy Peasy - lemon sqeezy ..

    Yeah! When you've had all the time in the world - lazing about having a lie in - before sauntering off to the library to do it all at your liesure!! I've finished Pg 17 now Ronnie - just starting the rest ... R u awake? Watching a re-run of East Enders?

    squeezy has a "u" i it whoops!
  • KaySarahKaySarah Well-Known Registered Posts: 215
    All Done!

    10.48 ... Pages 19-24 homework O'head analysis sheet ... all done! I can sleep zzzz
  • SandyHoodSandyHood Font Of All Knowledge Registered, Moderator Posts: 2,034
    Well done
    Sandy
    [email protected]
    www.sandyhood.com
  • anisurrahmananisurrahman Well-Known Registered Posts: 130
    I'm still on page 24 … pulling my hairs moment :(
  • anisurrahmananisurrahman Well-Known Registered Posts: 130
    Finally homework done… two things I missed at the beginning

    1. Store rent and rate is not provided (as per page 20), so I left store rent box empty

    2. Absorption rate calculations: as per page 18 Jenny Walker has suggested to use a separate rate for each of the three production departments.

    Good night all
    Ronnie :)
  • KaySarahKaySarah Well-Known Registered Posts: 215
    ITX Exam Percentage Results

    Lesley has the percentage pass results for the ITX exam & will let us have them (either via Sandy or bring them herself) tonight! Woo Hoo! (I think).
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