Process Costing | FIFO Method | CMA USA | Cost Accounting |Tips & Techniques | Commerce Specialist |
Link for HOCK International resources is given below:
ecs.page.link/d1gK5
This video from Commerce Specialist explains Process Costing. Detailed explanation is given regarding how to solve process costing questions, how to make Quantity Schedule, how to calculate Units Started and Completed, how to calculate Equivalent Production in Units, how to calculate cost per unit and how to Allocate costs to Units Completed and Work in Process, specially under Process Costing FIFO Method.
This tutorial/lecture video is very relevant and useful for students of B. Com, O Levels, A Levels, BBA, MBA, CA, ACCA, CMA, CIMA, CIA and CPA.
About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, is a Fellow of member of HEA UK, holds Certification in International Auditing from ACCA-UK, member of IFA UK and IPA Australia, also holds a Bachelors in Accounting, A teaching qualification of B.Ed., an MBA in Finance along with over 20 years’ experience of working in various MNCs in different sectors including Banking, NBFIs, Retail, Oil & Gas, Telecommunication, and top business schools, colleges and universities.
Viewers and students can contact me on info@comparativeedge.com or email me at studyonline8888@gmail.com or whatsapp me on +923219213800.
#processcosting #cmausa #processcostingfifo
Пікірлер: 53
Thanks for the video 😊
Fantastic video ! You made my life easier Thank you 😊
@CommerceSpecialist
2 жыл бұрын
Thx
Good Lecture sir
Thanks a lott sir, Please continue making videos.. from a CMA aspirant.😊
@CommerceSpecialist
Жыл бұрын
Sure
amazing
Thank you sir ❤
Thank you ❤
nicely explained, thank you sir
@CommerceSpecialist
2 жыл бұрын
Thx dear
well explained and simplified.
@CommerceSpecialist
Жыл бұрын
Thanks🙏👍
Thank You Sir for the explanation.
@CommerceSpecialist
3 ай бұрын
Ur welcome🙏
great work💥💥💥, watching from malawi
@CommerceSpecialist
8 ай бұрын
Thx dear.😘👍
Alhamdullaih I have understood this concept by your methodology May Allah grant success Thanks a lot.
@CommerceSpecialist
10 ай бұрын
Thanks a lot my dear🙏👍😊
Nice explanation , sir for abnormal or normal spoilage is there any specific video , can u plz say
thank you sir
@CommerceSpecialist
Жыл бұрын
🙏👍
thank you so much
@CommerceSpecialist
Жыл бұрын
Ur welcome dear❤️
Wonderful job. Please do calculation with normal loss, abnormal loss/gain units of the same question.
@CommerceSpecialist
4 ай бұрын
Video coming soon dear
Plz sir make video on machine hour rate and labour hour rate plz.....
Sir Why do you take denominator 1188 on conversion cost ?
Please sir in this your lectures, if you have abnormal lost and scrap value in this fifo method what will be the solution ? Workings ?
This is a brilliant session. I have one question- what happen when DM is added in the start of the process @100%. What will be the equivalent units.
@CommerceSpecialist
2 жыл бұрын
100%
In cost per unit,step4 why beginning cost of BWIP is excluded?
Sir In hock materials essay question is not there in process costing. Which means it is not important for essay
@CommerceSpecialist
Жыл бұрын
Not necessary
Pls make a video on statement of changes in equity
@CommerceSpecialist
2 жыл бұрын
Sure
where can I find where you talk about Normal and abnormal loss?
@CommerceSpecialist
Жыл бұрын
Thanks for reminding, that video is coming soon
@fayedrahman95
9 ай бұрын
have you done this video? if yes pls share the link @@CommerceSpecialist
Dr Why did we added cost of beg WIP 1500 to completed and transferred out cost ??
@CommerceSpecialist
5 ай бұрын
Its FIFO dear
Where can i get more mcq on process costing sir?
@CommerceSpecialist
Жыл бұрын
From the books dear
Which material is best for cma us according to you ? please don't say every materials is good 😁
i believe there is a calculation mistake made in step 4 when you divided 12000 by 1.118 for CC, the correct value is 1.110
@CommerceSpecialist
Жыл бұрын
Thats immaterial dear😊
Answers is not correct
@CommerceSpecialist
6 ай бұрын
😂🙏👍
sir its wrong ...
@CommerceSpecialist
6 ай бұрын
😂👍
Thank you sir
@CommerceSpecialist
5 ай бұрын
🙏👍