Normal loss does not appear in statement of equivalent units(because they are already absorbed in the good output), although we add the abnormal loss units/subtract abnormal gain units from equivalent units same as the percentage of when they are identified.( How much presses is completed when the losses are identified).
hello sir, in the process account for finished, didnt you calculate for 25000 units that is 25000 x 1.38 = 49700. Why in the process account under units you wrote 40000? Shouldn't it have been 25000 units?
No. 40,000 units were finished as I explained. (Of these 40,000, 15,000 were already WIP that was finished during the period, and 25,000 were new ones)
most hellish chapter ever
Thank you. I have passed my Management Accounting Exams with an A (BBA)
Thank you, sir.
You are explaining very good, not as BPP University's tutors. Most of them really can't teach and speak English.
Thank you! You have explained this so clearly, what a great teacher
The best ever
Amazing. It's very clear to me now
Hello sir what if in a situation where we are give normal loss. How are we going to treat it
Normal loss does not appear in statement of equivalent units(because they are already absorbed in the good output), although we add the abnormal loss units/subtract abnormal gain units from equivalent units same as the percentage of when they are identified.( How much presses is completed when the losses are identified).
hello sir, in the process account for finished, didnt you calculate for 25000 units that is 25000 x 1.38 = 49700. Why in the process account under units you wrote 40000? Shouldn't it have been 25000 units?
No. 40,000 units were finished as I explained. (Of these 40,000, 15,000 were already WIP that was finished during the period, and 25,000 were new ones)
Guys, I don't recommend BPP University.
please tell the reason.. it would be helpful