Accounting paper 3 discussion

[ching293]

I am not sure about questions below like


absoprtion and marginal

opening 10000 closing 160000
marginal 220000
absoprtion 268000

fixed o/h per unit?


which is not in income statement?

revenue
finance cost
ord share paid
ord share payable

whats your answer?

 

[AlphaCentauri]

(268k-220k)= (16-10)= 8.

Ord share paid and payable both. They're in the Statement of Changes in Equity according to IAS 1.

Oh and by the way, did anyone notice few mistakes in the paper?

 

[ching293]

(268k-220k)= (16-10)= 8.

Ord share paid and payable both. They're in the Statement of Changes in Equity according to IAS 1.

Oh and by the way, did anyone notice few mistakes in the paper?

thanks! what mistake did you notice?

 

[AlphaCentauri]

First, the debentures. Should've been 9.5, no? For every $10.

Second, a variance. Materials cost per unit were given instead of materials cost per kilo, I can bet my life cause I spent quite a lot of time checking if I was hallucinating or it was really a mistake.

 

[Zephyro]

First, the debentures. Should've been 9.5, no? For every $10.

Second, a variance. Materials cost per unit were given instead of materials cost per kilo, I can bet my life cause I spent quite a lot of time checking if I was hallucinating or it was really a mistake.

Thats probably the worst situation a person can find themself in lol. Once I was staring at a math paper 3 question for like 20 mins wondering whats going on. Hopefully you finished the rest of the paper.

 

[AlphaCentauri]

I finished the paper in 20 mins. Had ample time to analyse it.