Acca f5 - Study guides, Class notes & Summaries

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F5 ACCA Questions And Answers With Complete Solutions
  • F5 ACCA Questions And Answers With Complete Solutions

  • Exam (elaborations) • 26 pages • 2023
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  • Define Absorption Costing correct answer: Fixed production overheads included OAR calculation correct answer: Estimated overheads divided by estimated activity level Absorption Costing two advantages correct answer: Selling price made to cover all costs. Complies with IAS 2 Absorption costing two disadvantages correct answer: Profits manipulated by changing production levels. Assumes overheads are volume related. Contribution Calculation correct answer: Fixed costs plus profit...
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ACCA - F5 Study Questions With Complete Solutions SPRING FALL-2023/24 EDITION GUARANTEED GRADE A+
  • ACCA - F5 Study Questions With Complete Solutions SPRING FALL-2023/24 EDITION GUARANTEED GRADE A+

  • Exam (elaborations) • 36 pages • 2023
  • What are the 3+1 stages of absorption costing? 1. Allocation 2. Apportionment 3. Absorption = Production Cost 4. Under/over = Non prod OH Why would you use Absorption Costing? Valuing Inventory Pricing Decisions Establishing profitability What are pros and cons of absorption and marginal costing? Absorption -Avoids varying profits if sales are seasonal -Consistent with accounting standards -Recognises Long Run variable costs -Implies OH related to production = Manipulate profit ...
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Performance Management F5 ACCA
  • Performance Management F5 ACCA

  • Summary • 20 pages • 2022
  • content covered from the syllabus from 2021 to 2022
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