Accounting Q.8 and Q.9

whatshername!!

budgeting or costing. Which are you doing and which is easier?

stephen222

Cash bedgeting, product costing and valuation of closing stock

Mushy

Q9 cos its easier. Its easier cos I'm familiar with it. They're both very easy questions, but give me a costing question and I'd be hopless right now.

izzyflusky

i'm doin ordinary n i tink question 8 is easier. actually i'm not sure cuz i dnt remember the last time i luked at question 9

colm-ccfc84

I am just doing costing. It should be either job or product and they are easy. Can't remember budgeting at all because I have concentrated on costing.

md99

I'm doing 5 out of the 6....all of budgeting, and I'm avoiding Marginal Costing coz there's too much thought/logic in it.

Product Costing, Job Costing and Budgeting are VERY nice questions...

Cash Budgeting has a nice format but it's a little too long for the time you're given and there's plenty of room for error.... I used to do it, now I'm Product Costing all the way. WHAT a question!!!!

izzyflusky

Does any1 here do ordinary?

colm-ccfc84

For those doing costing I would advise taking a look at question 24 in Christy Tyrell's book. It hasn't been on the exam (yet!) and there is a slight difference. I just did it there and it is worth a look just encase. I think I will leave out marginal because it was on last year and they never repeat, especially after last year's q8! Should be a standard job or product hopefully.

md99

colm-ccfc84 wrote:

For those doing costing I would advise taking a look at question 24 in Christy Tyrell's book. It hasn't been on the exam (yet!) and there is a slight difference. I just did it there and it is worth a look just encase. I think I will leave out marginal because it was on last year and they never repeat, especially after last year's q8! Should be a standard job or product hopefully.

dont have the book. What is the difference?

colm-ccfc84

The indirect labour break up is not given and you have to calculate the total labour and machine hours. I was thinking it is a possible, as it is in his book and he writes the exam.

colm-ccfc84

Are people focussing on one or the other? I cannot remember budgeting at all. I know job and product costing very well and seen as it was marginal last year it should be one of those two. Not sure if I could do a marginal, we only had a quick look at it in class!

RandolphEsq

We did the budgets and then the Product and Stock costing since it hasn't come up for a while. Any budget would be fine, but they say it'll be a cash budget