Accounting A2 MCQ doubts

[Deadpunk.mr]

Ok so thing is I don't have any doubts and I am not the best in solving doubts but this is just to make sure whoever has doubts for 22nd's exam, can post your doubt here so someone or I can solve it and it should help me test myself as well.

 

[Hasa321]

http://papers.xtremepapers.com/CIE/...AS Level/Accounting (9706)/9706_s11_qp_32.pdf
hw to do question 29?

 

[Harsh Poddar]

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[Deadpunk.mr]

Hasa brother Answer is B now let me explain why,
The initial cost is 80000...it has a negative balance as it was an expense. Now they said the machine will save 40000 cost each year...so just multiply 40000 with the 3 discounting values in year 1,2,3 it should give you 99400..and after that just deduct 80000 and thats all.

 

[Hasa321]

Hasa brother Answer is B now let me explain why,
The initial cost is 80000...it has a negative balance as it was an expense. Now they said the machine will save 40000 cost each year...so just multiply 40000 with the 3 discounting values in year 1,2,3 it should give you 99400..and after that just deduct 80000 and thats all.

thanx alot deadpunk.mr

 

[afshinsalim]

hey guys, i need help in question 20 w06 paper 3.
Q. the data relates to two different levels of output in a department:
machine hours: 16000 20000
overheads: 214000 230000
what is the amount of fixed overheads?

 

[ICCWC2015]

The table shows costs at 3 activity levels.
65 units -Fixed cost - ? Variable cost - ? Total cost - 15,600
90 units - Fixed cost - ? Variable cost - ? Total cost - 19,600
100 units - Fixed cost - ? Variable cost - ? Total cost - 21,200

What is the fixed cost?

Please answer this question and explain how it is done

 

[razahayat777]

The table shows costs at 3 activity levels.
65 units -Fixed cost - ? Variable cost - ? Total cost - 15,600
90 units - Fixed cost - ? Variable cost - ? Total cost - 19,600
100 units - Fixed cost - ? Variable cost - ? Total cost - 21,200

What is the fixed cost?

Please answer this question and explain how it is done

FC + VC = Total Cost
So, let us consider 65 units and 90 units.
For 65 units, Fixed cost would be FC and Variable cost per unit would be x.
For 90 units, Fixed cost would be FC and Variable cost per unit would be x.

FC + 90x = 19600
FC + 65x = 15600

Solving these two equations simultaneously,
25x = 4000
x = 160

=> FC + 90*160 = 19600
FC = $5200

 

[ICCWC2015]

FC + VC = Total Cost
So, let us consider 65 units and 90 units.
For 65 units, Fixed cost would be FC and Variable cost per unit would be x.
For 90 units, Fixed cost would be FC and Variable cost per unit would be x.

FC + 90x = 19600
FC + 65x = 15600

Solving these two equations simultaneously,
25x = 4000
x = 160

=> FC + 90*160 = 19600
FC = $5200

Wooww...you are a genius....Thanks....I never knew Math skills would come in handy for Accounting

Thank you so much bro