You are seriously my hero. Paying thousands for classes and textbooks and this is still the best resource I have over and over again.

thank you. You are great at explaining, unlike soooo many instructors... you saved my midterm

He deserve all our tuition payments, he is the GOAT.

THIS IS EXACTLY WHAT I NEEDED. Thank you for this and the previous video!! I can't tell you what a relief it was to finally understand this.

@Edspira

2 жыл бұрын

Glad it helped!

Thank You! I was struggling with my homework and this explanation made it so easy ....

@Edspira

6 жыл бұрын

Great! I'm happy to have helped.

I typically don’t like math, but I love this :)

Studying CIMA and none of my materials explained the equations better than you. Thank you so much.

This video helped me out so much! Thank you!

I HAVE MIDTERMS EXAM ABOUT THIS TOMORROW. I DID NOT UNDERSTOOD A THING WHEN MY PROFESSOR TAUGHT US THIS BUT YOU MADE IT SO EASY! THANK YOU VERY MUCH FOR THIS VIDEO!

very good explanation. Thank you for the help.

Fantastic video. Explained fully and clearly. Thanks for sharing

Thank you!! Clear and easy to understand!

Many thanks for your efforts. you made it unbelievably easy

Great videos and a great channel! Thank you.

Thanks for the video. Very helpful.

Amazing, so helpful in completing an assignment, much better then the book explanation and books useless equation breakdown.

@Edspira

5 жыл бұрын

Thanks!

Excellent videos, thank you :)

this really helps, thanks !

Thank you so much! :) Amazing explanation!

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Your video do help me to understand. Thanks

this genuinely saved my life

2 days before my exam HAHA, finally understand!! Thanks A LOT

@Edspira

Жыл бұрын

Glad it helped!

Just what I was looking for! Thank you so much for the clear teachings. Love the color codes and simple to follow and understand!

@isaiasjoe5795

3 жыл бұрын

I guess im asking the wrong place but does anyone know of a trick to log back into an Instagram account..? I was stupid lost the login password. I love any assistance you can offer me

@milanahmad1685

3 жыл бұрын

@Isaias Joe Instablaster =)

@isaiasjoe5795

3 жыл бұрын

@Milan Ahmad Thanks for your reply. I found the site on google and I'm in the hacking process atm. Seems to take a while so I will get back to you later when my account password hopefully is recovered.

@isaiasjoe5795

3 жыл бұрын

@Milan Ahmad It did the trick and I finally got access to my account again. Im so happy! Thank you so much, you saved my account :D

@milanahmad1685

3 жыл бұрын

@Isaias Joe you are welcome =)

thank you so much

Bravo!

Thanks man ❤️

bless your soul

Great video man! Very well explained!!

@Edspira

4 жыл бұрын

Glad it helped!

thank you.

thanks for your clear explanation

@Edspira

6 жыл бұрын

No problem!

Great explanation. Thanks chief

@Edspira

Жыл бұрын

I'm glad you found it useful. Best of luck to you!

I owe you my life

Just awesome explanation. Thanks for sharing🤩

Is this the fastest way?

I would like to thank you for your great and awesome videos. I have a question You said the total cost of running both HR and Admin dept is ( $ 30,000, 40,000 ) respectively, but after calculating the cost rendered to each of service dept by each other, the total cost of both HR and Admin dept will be 48421+42105 = 90,526 Can you explain why it is higher than the real cost incurred ?

@geoffreycosentino1165

6 жыл бұрын

The last row of hours for HR and Admin represent costs between the two Support Departments and are not allocated to the product departments directly, using this method. They essentially cancel each other out. If you remove those costs from your total of 90526 (90526-8421-12105), it will give you the costs that are allocated --> 70 000

@ambitoiusheart

6 жыл бұрын

Geoffrey Cosentino thank u. Got it

@roynotintown

6 жыл бұрын

Geoffrey Cosentino Somewhere I am still not convinced don't you think that it is (70000+12105-8421) = 73684 to be allocated to production departments as 8421 gets knocked off from 12105 and the balance adds to the unabsorbed cost i.e 3684 (12105 - 8421)

@jasminet89

5 жыл бұрын

@@geoffreycosentino1165 thank you so much for this explanation!

@abcsofuncoveringtruth9681

3 жыл бұрын

An easier way to look at it is to set up a Table, Remember its looking at how the costs are allocated across the different departments, by adjusting the costs from 30000 & 40000 to 42105 & 48421 respectively we already took into consideration the allocation between support departments therefore the only departments to look at again is Production Mountaineering Kayaking Costs allocated by HR (12/20)*42105 = 25263 (4/20)*42105 = 8421 Costs Allocated by Admin (15/40)*48421 = 18158 (15/40)*48421 - 18158 TOTAL 43,421 26579 =70,000 Hope this helps

Is it possible to allocate three support divisions using recip method? Can you help with the algebra on this?

@Bookofshavings

3 жыл бұрын

uses matrix's maths

I'm so confused. What was the point of the equations if we again allocated costs back to the support departments? The way I understand it, the goal was to somehow allocate $70,000 of the support costs to the operating departments. I don't see how that was done. :(

@Frederico_El_Padrino

4 жыл бұрын

That would be the Direct Method. As the presenter said, (paraphrase) this method is for allocating to not only the operating divisions, but to reciprocate between the support departments - because they utilize each other's time & services too. I had to watch it a few times plus the othe video on the long version (a couple times).

@abcsofuncoveringtruth9681

3 жыл бұрын

An easier way to look at it is to set up a Table, Remember its looking at how the costs are allocated across the different departments, by adjusting the costs from 30000 & 40000 to 42105 & 48421 respectively we already took into consideration the allocation between support departments therefore the only departments to look at again is Production Mountaineering Kayaking Costs allocated by HR (12/20)*42105 = 25263 (4/20)*42105 = 8421 Costs Allocated by Admin (15/40)*48421 = 18158 (15/40)*48421 - 18158 TOTAL 43,421 26579 =70,000 Hope this helps

Wish me luck. I have a CPA BEC Exam on Jul 12th 2023, Dang! 😬😬

How did we get that 0.95

Wait how did you allocate more than you have? Pls Explain

@cmcmmcmc

5 жыл бұрын

not the most timely reply but, it is due to the allocation from the other support group and vice versa happening simultaneously in the solution, I.E. if you look at the set up there are cost hours going from HR to the Admin and back from Admin to HR, These "increase" the total allocation.

@abcsofuncoveringtruth9681

3 жыл бұрын

An easier way to look at it is to set up a Table, Remember its looking at how the costs are allocated across the different departments, by adjusting the costs from 30000 & 40000 to 42105 & 48421 respectively we already took into consideration the allocation between support departments therefore the only departments to look at again is Production Mountaineering Kayaking Costs allocated by HR (12/20)*42105 = 25263 (4/20)*42105 = 8421 Costs Allocated by Admin (15/40)*48421 = 18158 (15/40)*48421 - 18158 TOTAL 43,421 26579 =70,000 Hope this helps

@salnjoycelascari3775

2 жыл бұрын

@@cmcmmcmc how would this increase the total costs of $70,000 ? You’re literally taking the 70K total support department costs and allocating to each support department appropriately. Makes no sense that there would be an additional 20,000 in costs incurred just because you allocated the total original costs. If you take some of the HR cost and allocate it to admin then, it doesn’t mean you’re increasing costs. You’re simply taking away from one support department and adding it to the other. Can you please explain?

What if you have three departments?

@rolandorivera8535

5 жыл бұрын

yu Rain i kill myself hahaha

@Jenny-iz2fn

5 жыл бұрын

yu Rain you can then calculate with Matrix

@jamiesalih7883

3 жыл бұрын

@@Jenny-iz2fn Did you ever figure out the answer to this?

how do you get 20?

@BlueFirePS3

5 жыл бұрын

12000/20000 is the same as 12/20

For those who are using excel and want a formula that uses 1 cell: adjusted S1= ([S1 value] + [S2 value]*[% of S2 allocated to S1])/1-[% of S2 allocated to S1]*[% of S1 allocated to S2] adjusted S2 = ([S2 value] + [S1 value]*[% of S1 allocated to S2] )/1-[% of S2 allocated to S1]*[% of S1 allocated to S2] Notice the percentages that divide on the bottom don't change, but the percentages and values on the other parts use the "reciprocal" of each other i.e they flip. Best of luck cost accounting students :)

Your Formula is not correct. It does not allocate the costs allocated to A (by H) back to H. This formula does not fit the reciprocal method you explained in your last video, this formula does less steps. I know math is hard... a doctor explained this to me, Thanks Doctor