Chichester College 6-9pm Wednesdays

SandyHood

Do you understand

1. Stock valuation?
2. Stock control?

Next week labour costs

SandyHood

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.

anisurrahman

Hi Sandy

Thank you very much for sharing with us...

Ronnie

SandyHood

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

SandyHood

Wednesday 12 October 2011 Overhead Costing

For those of you like Meo who are unable to attend this week

SandyHood

and part 2

SandyHood

and part 3

SandyHood

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)

SandyHood

car repair

SandyHood

Ironing

SandyHood

More ironing

KaySarah

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.

chelseababe30

At last. I finally have permission to open the files. It took long enough!

SandyHood

Another set of overhead questions

SandyHood

and more

SandyHood

and even more

SandyHood

another

sugarlump1989

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

KaySarah

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.

sugarlump1989

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

SandyHood

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!!

KaySarah

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 :-)

sugarlump1989

Floor area it is then thanks Sandy! See you tomorrow

KaySarah

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!

anisurrahman

I passed ITX too....

Page 17 - section a is easy... confused about the rest

KaySarah

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!

KaySarah

All Done!

10.48 ... Pages 19-24 homework O'head analysis sheet ... all done! I can sleep zzzz

SandyHood

Well done

anisurrahman

I'm still on page 24 … pulling my hairs moment

anisurrahman

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

KaySarah

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).