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Epsm accountancy department costs quiz

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Epsm accountancy department costs quiz. 360. 12 Post-exit fall in export volume to CETA based countries = 30% Post exit general increase in departmental staff costs due to staff replacements (excluding Accounting Dept. d) Ten ways to effectively manage your time. Nov 29, 2021 · Please, can some one help guide me with formulas for answers of Q1, 2 and 3 of Screen 1 of 1 under creating a report (Integrated key study scenario of Unit 8 of EPSM). The annual cost of outsourcing the accounting function per annum is forecast to be $292,000. Dec 20, 2023 · 2. I believe at least one or two of the above answers should be correct, but the feedback shows all of them wrong, please help me check if I have missed anything. 40. Feel free to talk shop, share pictures of your work, share any advice and ask any questions to get you out of trouble! Award. Viewing 8 posts - 1 through 8 (of 8 total) You must be logged in to reply to this topic. The company can expand to new foreign markets made more affordable by the weaker local currency. ACCA New EPSM answers about unit 7 and unit 8 calculation answers. No School. Additionally, Telford can protect against reduced Given the following information, compute the total number of units for the period: Direct labor hours: 12,000. I'm stuck at the accountancy costs in Unit 8 Mexit question. Mar 29, 2021 · EPSM - Understanding Unit 8. Worksheet. Cost Accounting Methods Previous Next ACCA MA Syllabus C. c) Deciding on who to retain. View the EPSM syllabus for full details Jul 12, 2023 · ABOUT THIS QUIZ: Chapter: Process costing system. xlsx), PDF File (. Calculate cost of sales from the following: Net Works cost: Rs. 32 per bar. Mar 17, 2022 · This breaks my momentum in completing and progressing through the Unit as a whole, so would be very grateful if someone is ahead of me and knows the answer can steer me in any way. Syllabus C. Calculate the forecast post-exit (after MEXIT) accounting department costs as a percentage of sales on the assumption that all staff who resign, pre-MEXIT, are replaced. Number of MCQs: 26. A community for fans of the critically acclaimed MMORPG Final Fantasy XIV, with an expanded free trial that includes the entirety of A Realm Reborn and the award-winning Heavensward and Stormblood expansions up to level 70 with no restrictions on playtime. A subreddit for discussion of everything related to the ACCA (Association of Chartered…. I don't know where I'm going wrong and I've been on this for a day now. Specialist Cost And Management Accounting Techniques - Calculating costs per driver and per unit - Quiz 3 / 4 EPSM UNIT 8: Integrated Case Study – Accountancy department cost quiz Q1. In general, manufacturing overhead has increased as a percentage of product costs during the past 80 years. Fundamental Principles with a quick quiz in ACCA AA. 1,00,000. Hi, I got stuck in EPSM unit 7. It follows generally accepted accounting principles more closely d. Benefit from our Platinum Approved Partner Status and receive quality education. 42. #COMMUNITY. The janitorial. hughes1150@gmail. Free email tips & techniques. 6174; 5; 5 months ago. txt) or view presentation slides online. Please email students@accaglobal. Been months now. 2. Variable overhead cost: 50% of total labor cost. $38. 1. #STUDY RESOURCES. AA. Can we fail EPSM module? Because some of the units in the module require us to answer open ended question. please help. Has anyone completed it? I showed it to my ACCA tutor and she agreed with my answers. 2,00,000. Section 12: Strategic planning. A nominal account to which indirect costs are charged as incurred and credited as these costs are charged to production. Cost Accounting Techniques C3. Selected costs are given below: The tables are made of wood that costs $100 per table. For instance, if analysing a purchases ledger, you would at this stage produce counts of the number of transactions for each department and cost centre, the minimum, mean and maximum for amounts, etc. Dec 12, 2023 · epsm unit 8 +1 Vote. EPSM unit 1. can any one help me with the answers of about accounting department costs option a and option b. EPSM Unit 8 - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams. 40 Post-Exit announcement exchange rate: M$1. . (2) Even a good correlation does not prove cause and effect. Total Points: 26. Thank you. A new opportunity has now been negotiated to sell the original 30% post-MEXIT loss in CETA If you have difficulty answering the following questions, learn more about this topic by reading our Accounting Basics (Explanation) . Skills Practiced. Accounts Payable Practice Quiz 18. Viewing 2 posts - 1 through 2 d. State your answer to the nearest whole percentage and do not include any symbols, for example "21". EPSM Unit 8 strategic option quiz 2. Calculate the forecast post exit (after MEXIT) accounting department costs as a percentage of sales on the assumption that all staff who resign, pre-MEXIT, are replaced. Approximate Time Required: 10 – 15 minutes. Hi all, I completed my EPSM unit 8 - Integrated case study but still shows 88 %. c) Justice vs care. #EPSM. Nov 19, 2019 · 20% off ACCA & CIMA Books. a) Perspectives on ethics. hassan0901. Welcome to r/accesscontrol, Reddit's one-stop shop for everything relating to access control systems and security systems in general. Quiz Type: Multiple choice questions (MCQs) quiz. Activity Based Costing Previous Next ACCA PM Syllabus B. 12. ppt / . Hence, I just want to know whether the answers will be checked by ACCA and they will give merits based on those answers or not. The tables are assembled by workers, at a wage cost of $40 per table. This topic has 129 replies, 49 voices, and was last updated 3 months ago by choqsi. AA 1. Accounts Receivable and Bad Debts Expense Practice Quiz 17. OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>. 70 per hour. Bank Reconciliation Practice Quiz 16. Payroll Accounting There is a one off cost for the module, with no resit fees. Started by Apr 8, 2021 · Posts. Section 12: Strategic planning a) Re-organisation of the accounting department. a) Introduction. Jul 28, 2023 · EPSM Unit 7 quiz +1 Vote. We would like to show you a description here but the site won’t allow us. Electrical costs are $2 per machine-hour. Receive recaps. pptx), PDF File (. The company's mission is to maximize the value and utility of digital assets through our comprehensive product suite including advanced trading solutions, liquidity aggregation, tax-efficient asset-backed credit lines, a high-yield Earn Interest product, as well as the Nexo Platform and Nexo Wallet with their top-tier a) Re-organisation of the accounting department. 00 per hour. It is easier to use and understand than Mar 16, 2022 · As a result of MEXIT, Telford Engineering had lost 30% of its pre-MEXIT export sales to CETA customers, due to increased trade and tariff barriers with CETA. Hi, I got stuck in unit 7's quiz. The module uses realistic business simulations to develop a number of professional skills such as leadership, communication and commercial awareness. 10,000. Section 1: Unit overview. To find out the cost of the module please visit our pricing page. I am stuck on the final 6 questions (strategic options) where you have to calculate the profit based on certain business routes taken. The cost of unused capacity on Wednesday was: $40. $28. hospital rooms, and laboratories departments. 1/3/2022. Cost Accounting Techniques - Suitable unit cost measures - Quiz 8 / 9 Aug 24, 2021 · Sorry to hear you're experiencing issues. I do not know where I am going wrong when I am attempting the first question. 9 of 20. I am struggling with this unit. Sales strategic options identified by the sub-committe strategic option 1- cost reduction • cutting costs is a key strategy to turn around. b) Redundancy planning quiz. com and one of our support team can take a look into this for you. Pre-Exit announcement exchange rate: M$1. Nov 29, 2023 · Option A Retaining accountancy staff in-house, Staff members who resign leading up to MEXIT are n The retained accounting staff post-restructure, will be of the remaining accountancy department staff, due Head of accounting (unchanged salary) + 2 Fully Qu Option B Outsourcing Telford Engineering has identified a global business of payables, receivables, payroll and credit contro Outsourcing Aug 16, 2023 · EPSM unit 8 0 Votes Calculate and compare the forecast total accounting costs in the year following MEXIT under the restructured in-house option (A); to assess which option will be most economical for Telford Engineering in the future. EPSM unit 8 – strategic option. Section 1: Innovation and scepticism • Innovation and scepticism Section 2: Innovation • Innovation Section 3: Linear v lateral thinking • Introduction • Rules of thumb • Systematic thinking • Lateral thinking • Summary We would like to show you a description here but the site won’t allow us. This topic has 1 reply, 2 voices, and was last updated 3 years ago by Kim Smith. 0 Votes. a) Redundancy planning. A hospital has P100,000 expected utility bill this year. epsm unit 8. 4. 19K subscribers in the ACCA community. Can anyone please help! Aug 16, 2023 · epsm unit 8 +1 Vote Calculate and compare the forecast total accounting costs in the year following MEXIT under the outsource option (B); to assess which option will be most economical for Telford Engineering in the future. As you complete this quiz and worksheet, you will practice these abilities: Reading comprehension - ensure that you draw the most important information from the related lesson on Hello everyone, I'm trying to get the answers to the Integrated Case study questions in unit 8 of Professional Ethics Module. Section 11: Human resource planning. STRATEGIC QUESTION - Free download as Excel Spreadsheet (. The first step is to describe the raw data. Cost records and account with a quick quiz in ACCA MA. I have already spent several day on it. Remain at $16 per unit. Test your knowledge on C3aiii-iv. Jan 5, 2020 · Was wondering if I could get some help regarding unit 7 of the epsm module regarding the end of unit Assessment please? I am really really badly struggling to work out the following question. Sales prices - cost of sales = Profit. b) Formulation of the strategy development Oct 8, 2022 · Calculate and compare the forecast total accounting costs in the year following MEXIT under the restructured in-house option (A); to assess which option will be most economical for Telford Engineering in the future. Assets - liabilities = Owners' Equity. Income Statement. ACCA Ethics & Professionalism New Module. Section 12: Strategic planning Our Ethics and Professional Skills Module is designed to provide students with the complete range of skills employers need. All students must complete the relevant ethics module as part of their chosen qualification path. Ethical and professional values provide a framework and a moral compass for an accountant and help guide their professional behaviours. Thanks! You can't 'fail' you have to get atleast 50% on some of the units but you can retry them as many times EPSM Unit 8 Presentation. (To the nearest whole percentage) Which ONE of the following factors would affect Telford Engineering soonest, after it was Need help? Get 24/7 support from our customer services team. The use of a plant-wide rate will be more equitable than the use of departmental rates for allocating manufacturing overhead. xls / . Iain Morton is a financial accountant reporting to the CFO at Bexall Pharmaceuticals. Total $160,000. Share. Statement Of Cash Flows. Study with Quizlet and memorize flashcards containing terms like Activity-based costing (ABC) can improve cost measurement because a. a) Formulation of the strategy development sub-committee. Getting 25%. August 25th 2021 AN ACCA USER. Financial Ratios Practice Quiz 15. May 8, 2019 · The important things about all regression are that: (1) You need a reasonable amount of readings to establish a relationship. com. Social contract theory is a branch of contract law. 13. ash. does anyone know how to solve this EPSM question of Unit 8 Accountancy department Quiz We would like to show you a description here but the site won’t allow us. Telford Engineering can take advantage of opportunities arising from MEXIT to cut costs, expand markets, and diversify products. This topic has 17 replies, 13 voices, and was last updated 4 years ago by Kim Smith. The GBS Company will take over the highly systemised and transactional operations. I'm stuck with answers, not getting any of them correct. What would the predicted ticket sales with the following data: Distance from capital, Population, Ticket barrier, Demographic profile town,Predicted sales Apr 9, 2022 · Hello friends, can anyone help me with the answers to cost related to option A and option B in Unit 8 Section 6. Pages 100+. accountants and those who need to think creatively and review the status quo to identify how things can be improved. July 19th 2023 AN ACCA USER Retagged July 19th 2023. ACCT 302 : Cost Accounting Test! A) accounting department costs B) raw lumber C) assembly labor's wages D) administrative salaries Which of the following costs incurred by a paper manufacturer would be included in the group of costs referred to as conversion costs? values, known as the cardinality of data, and how many instances of each value exists. The cost driver rate for this activity was calculated to be $0. e) Managing time effectively quiz. On Wednesday, the workers only made 1,080 candy bars. Preparing students for a career as a trusted and confident finance professional, the interactive online module places students in realistic business situations, where they'll develop advanced ethical, professional and This post has been reported and hidden 37 student(s) online now Back to Posts Jan 9, 2024 · Contact us today at 9320007893/96 and let us help you master the ACCA EPSM module. 20 terms. You need to calculate the effect on profitability of implementing each of the options you are asked about and not to calculate the actual updated profit after the option has been Aug 15, 2023 · Thank you. Workers making the tables are supervised by a factory supervisor who is paid $38,000 per year. Section 12: Strategic planning Nexo is the world’s leading regulated digital assets institution. Jun 28, 2021 · EPSM Unit 8 HELP!!! 0 Votes. Jul 24, 2023 · 20% off ACCA & CIMA Books. EPSM Unit 7 quiz. Direct labor cost: $2. I am really stuck here for days now. Study with Quizlet and memorize flashcards containing terms like Accounting, Financial Accounting, Generally Accepted Accounting Principles (GAAP) and more. Thanks - ACCA Community Manager. Section 2: Prioritising, organising and managing time effectively. (2) Low correlation coefficients (or low coefficients of determinations) mean you can put little trust in the relationship. 1-Calculate and compare the forecast total accounting costs in the year following MEXIT under the restructured in-house option (A); to assess which option will be most economical for Telford Engineering in the future. Direct materials cost: $75 per unit. The case sets the background against which the deliberations and actions of the audit team finalising the annual audit and those of the accounting department of the company can be analysed. Therefore, when 16,000 units are produced, fixed costs will ________. View the EPSM syllabus for full details Income Statement Practice Quiz 13. can you please kindly assist. Calculate the current sales profit margin pre-exit (before MEXIT) Tried every way and fully confused, June 28th 2021 AN ACCA USER. d) Redundancies within the accountancy department quiz. Here's a little more info for those of you working on Unit 8 of the EPSM module - we hope this helps your understanding of the section. Started by: Ralph2023. Syllabus B. My answer is coming incorrect every time. Office & Administration Overheads: Rs. I have been getting the answer for question 1 as 46719 and question 2 as 117274. Which financial statement reports the revenues and expenses for a period of time such as a year or a month? Balance Sheet. Mar 3, 2020 · I've spent 4 days trying to answer this question. If anyone managed to pass the assessment. It uses a greater number of cost pools and cost drivers than traditional overhead allocation techniques c. ACCT 302 : Cost Accounting Test! True And False Questions Quiz. Increase to $20 per unit. Print Worksheet. This topic has 4 replies, 4 voices, and was last updated 10 months ago by Kim Smith. Manufacturing overhead costs are also known as indirect manufacturing costs. Hi Need some help on epsm on calculating -. - Free download as Powerpoint Presentation (. Depreciation Practice Quiz 20. A new opportunity has now been negotiated to sell the original 30% post-MEXIT loss in CETA exports to a range of customers in alternative Our ethics modules. Login to answer. • this is essential following mexit as we need to have free cashflows for us to meet our short-term obligation and ensure our liquidity position does not detoriate. It is a less expensive costing system b. Section 12: Strategic planning Jan 31, 2024 · Ask ACCA Tutor Forums ACCA Ethics and Professional Skills Module. [/bg_collapse_level2] Q. of payables, receivables, payroll and credit control. Please help me out. Thank you in anticipation. c SWOT analysis quiz d Deciding when to seek the help of experts e Professional self-awareness quiz f Unit action plan Section 5: Data analysis and manipulation a Introduction b The importance of data analysis c Your role in data analysis d Ratio analysis e Data analysis and manipulation quiz Section 6: Unit summary a Unit summary Apr 24, 2020 · The total cost of making the staff redundant under the outsource option is estimated to be 25% of their current annual salaries. Ashley. It would be absolutely fine to discuss how to work something out, so please feel welcome to respond with advice rather than the answer itself. Fixed overhead cost: $36,000. Test your knowledge on A4a. I completed anyone can please help me with this issue. Mar 22, 2023 · When 20,000 units are produced, fixed costs are $16 per unit. Section 2: Ethics guide. Hi guys, I am struggling with unit 8 department cost assessment. pdf -. Preview. Even if a formula for a guide to the answers would really help. Taken in your own time, completing your ethics module will support your ethical decision making and enhance your professional skillset. Accounting- Chapter 7 True/False. d Rules vs principles quiz Section 4: Fundamental principles a About ACCA’s fundamental principles b IFAC’s five fundamental principles c Summary d Fundamental principles quiz Section 5: The framework a The framework b The 4 step process c An ethical dilemma d Further considerations e Summary f Framework flowchart g The framework quiz Mar 24, 2021 · Thanks for your posts, it's great that you're reaching out for advice, however we don't allow students to share answers as it goes against the principles of the Ethics and Professional Skills module. Once a student has paid for the module they will be able to attempt the assessment multiple time and have unlimited access to the rest of the module content. b) Meeting with CFO to discuss options. I have no one to ask. Back to: Process costing system (quizzes) Jul 4, 2022 · The Ethical and Professional Skills module reinforces ACCA’s commitment to equipping students with the real-world skills to excel, and further proves that ACCA membership is the most valuable thing you can do for your career. Jan 23, 2020 · Ethics and Professional skills module unit 7. 00 = C$1. Helping to make you business ready. . EPSM Unit 7 Quiz. principles test. Inventory and Cost of Goods Sold Practice Quiz 19. Specialist Cost And Management Accounting Techniques B1. thank you. 15. c) The urgent-important principle. The retained skeleton staff, post-outsourcing, will be paid at 20% more than their current salaries. b) Branches of ethics. What is the accounting equation? Variable costs + fixed costs = Total costs. In the section “Types of Analytics” in the course you will find a section “Predictive Analytics”. 60. Can someone help me with the correct answers? #EPSM. This topic has 1 reply, 1 voice, and was last updated 3 months ago by SHERBASMS. December 25th 2020 AN ACCA USER Recategorized March 23th 2021. April 9th 2022 AN ACCA USER 1 Report Recategorized December 6th 2023. Section 3: Using technology effectively. Relationships between variables are examined in the data Mar 30, 2021 · 20% off ACCA & CIMA Books. tyler698318. a) Re-organisation of the accounting department. ) = 10% Increase in salaries of replacement staff in the accountancy Telford Engineering has identified a global business services partner off-shore. Jan 6, 2022 · The Correct Answer for the given question is Option D) there is a clearly identifiable parent. Cash Flow Statement Practice Quiz 14. Get help Free email tips & techniques. Our team of experts is always ready to provide you with the necessary resources and advice to streamline your ACCA journey. This post has been hidden 131 student(s) online now Back to Posts Aug 13, 2023 · Hello all, I am struggling with the accounting department cost quiz in the EPSM unit 8. Please help. does anyone know how to solve this EPSM question of Unit 8 Accountancy department Quiz Jul 19, 2023 · EPSM Unit 7. Help us grow by sharing our content ♡. Decrease to $10 per unit. 14 votes, 21 comments. Total views 100+. divyatomar0245. $37. The Ethics and Professional Skills module is an essential part of the ACCA Qualification and helps increase your employability and workplace effectiveness. 20% off ACCA & CIMA Books. (See P/L account before MEXIT in the spreadsheet). As a result of MEXIT, Telford Engineering had lost 30% of its pre-MEXIT export sales to CETA customers, due to increased trade and tariff barriers with CETA. You must be logged in to reply to this topic. Total manufacturing cost: $132,600. jrpearson129. pdf), Text File (. txt) or read online for free. Opening stock of WIP: Rs. accounting, and orderlies departments are service departments servicing the operating. Section 12: Strategic planning Dec 25, 2020 · anyone got the answers to Question in Unit 8 of EPSM Module. Forums › Qualified Members forum ›EPSM unit 8 – strategic option. 8 ACCA EPSM UNIT 8 INTEGRATED CASE STUDY. February 9th 2024 AN ACCA USER. Outsourcing would mean that 40% of the other non-staff accounting department costs could be saved each year. b) Prioritising your time. Cost reduction efforts include outsourcing accounting functions and finding alternative domestic material suppliers. college business accounting midterm (chapters 1-4) 74 terms. Enter the accountancy department costs for Option A (to the nearest $M'000). c) Accountancy department costs quiz. Just make sure you take the paper early, to build those crucial skills and maximise your chances of passing the later The average pay of these workers is $8. I would like some help with questions 1,2,5,6 . zm va zc dg ea lz fb ea yh ot

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