Accounting Paper 22 - Discussions after 24 hours

[Omer Iftekhar]

How was the profit 77500 and 88000? :/

It Just was!
maybe you got the marginal cost and absorption cost per unit wrong
and these values do reconcile so they are correct

 

[sycho cj]

bro the difference between marginal and absorption was 8000 so marginal profit was 77500 and absorption profit was 85500

 

[sycho cj]

thanx brother and btw some of my friends told me that in q1 there was a cash account to be made inorder to calculate cash sales

 

[SamiaSaad]

per unit was $17.5 and $13.5 i think. Was this wrong??

 

[Mahreen Mustafa]

ya i got 13.5 and 17.5 aswell

even i got 13.5 and 17.5

 

[Sarah Paul]

thanx brother and btw some of my friends told me that in q1 there was a cash account to be made inorder to calculate cash sales

You need not do the cash acc necessarily it can be jst shown in the sales thing u can add and substract and show it in the IS itself

 

[SamiaSaad]

Also the difference of my profit were 8000 as well :/ but they were like 200K or something

 

[sycho cj]

i think u have taken closing stock wrong it was 35000

 

[pdude123]

per unit was $17.5 and $13.5 i think. Was this wrong??

Yeah thats right.. did u reduce the closing inventory?

 

[sycho cj]

yeah!

 

[SamiaSaad]

I did. I have no idea what i did wrong :/

 

[Sarah Paul]

stop discussing cz if ppl have gone wrong theyll be demotivated
And wnt do the other papers properly

 

[SamiaSaad]

Anybody here know at what is % of Grade A? 80% or 90%?

 

[Omer Iftekhar]

Anybody here know at what is % of Grade A? 80% or 90%?

It most likely greater then 70% and less then 80%

 

[Sarah Paul]

Isnt it 80

 

[SamiaSaad]

I thought it was 90? Cuz there is no A* in A levels

 

[Sarah Paul]

I thought it was 90? Cuz there is no A* in A levels

LOL no

 

[Fahadcm5596]

ya i got 13.5 and 17.5 aswell

Me too!! Allah ka shukar!!

 

[Fahadcm5596]

Absorption - 85500
Marginal - 77500

i got it too!!

 

[Crimson-Saint]

stop discussing cz if ppl have gone wrong theyll be demotivated
And wnt do the other papers properly

this.....