Relevant Costing Analysis - Short Term Decision |CFA |ICAG |CIMA|ACCA |CPA - Nhyira Premium
Relevant Costing Analysis - Short Term Decision |CFA |ICAG |CIMA|ACCA |CPA - Nhyira Premium Part 2
In this livestream, Nhyira Premium explains one of the key short-term decisions in Management Accounting and Performance Management; Relevant Costing Analysis.
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@patrickackonu2530
Жыл бұрын
Sir please I have some question and the say we should Discuss relevant and irrelevant cost with at least five examples and illustrations each . And my question is we should give one illustration on relevant cost and another illustration on irrelevant cost
Thank you sir, you have saved me from the difficulty of relevant cost analysis
From Sierra Leone I have become your student as from today. God bless you for me.
Thank you so much sir, I have been struggling to understand this topic and you have made it clear.
The best I have come across. Thank you very much Sir! God bless you ❤❤❤❤❤❤
Sir you are great. God blessed you more
Thanks for the soft and steady explanation.
It's 2022 thank you very much. I have benefited from the lectura💕💕
God bless you Sir
This was soo helpful Thank
Thank you sir watching from Zambia 😍
Very sweet simple straight to the point😅
Thank you so much for this opportunity. I am not clear on the machine cost. I was hoping the relevant cost would be 4000*$3 = 12,000 and the opportunity cost 2000*2 = 4000 and that’s a total of $16,000 . Please I need clarification on this sir.
@sandilenkutha6355
5 ай бұрын
Me too, I actually am asking myself why he used 600hrs as it was supposed to be a limite of 4000 hrs since the additional 2000 hrs is being generated by another machine
@joycenaza27
2 ай бұрын
I thought same initially but there are two different cost. There are scenarios. First is the cost of machine overhead (electricity) which is $3 per hour. Hence, the cost for total electricity bill for 6000 machine hour for the project = 6000*$3 which is $18,000. Secondly, as a result of the limited hours (4,000hrs), we would need additional 2,000hrs to make up for 6,000. This 2,000hrs will be taken off from another job (opportunity cost) which give $2 per contribution. Hence, we would loose 2000*$2 = $4,000 for taking the job. Hence, total relevant cost becomes $18,000 + $4,000 = $22,000. I hope it helps🥲. Cheers.
Yes
Thanks for the tutorials video. Insightful and helpful🎉
@NhyiraPremium
8 ай бұрын
Glad it was helpful!
Hi Thank you for good lecture I don't understand well the case of overhead to be 22,000, why do we normal overhead 4000*3 =12,000?
My teacher is really a bad one, thanks for making relevant cost analysis easy
Thank u so much sir
@maudchinyemba-vq2hd
Ай бұрын
I would like help on cash surplus
What are incremental cost
good evening mentor
Sir please the note 2. There was a clause about the fact that,there will be no replacement for the supervisor. How about any opportunity cost
Nice display
Hello Nhyira Thank you for this video However my question is that why did we charge the full 6000 hours for the machine hours even though the machine only has a capacity of 4000 hours?
@samasonbenjamin1832
Жыл бұрын
I think we should use $3 for 4000 hours and $2 for the 2000 hours
I mean business law only
Can you study businesses law
Sir please I'm not clear on note 6..the statement said the material is unlikely to be used except the special order...which means the relevant cost is the replacement cost
@maincharacter4906
Ай бұрын
There’s no need to replace because there is unlikely use for the material in future, so the replacement cost is irrelevant.
Good afternoon sir . How can we determine the relevant cost of overheads
@NhyiraPremium
4 ай бұрын
Follow the principles discussed about the characteristics of relevant costs.
Why do we consider only the interest finance cost & not the loan amount of 20,000$
@NhyiraPremium
2 жыл бұрын
Because the loan will be repaid and that's not a cost to be incurred.
@tweetu25
2 жыл бұрын
@@NhyiraPremium thx a lot sir! Wow so quick!
Which days do u stream live
@NhyiraPremium
3 жыл бұрын
Weekdays at 4:30 pm
@kay47063
3 жыл бұрын
@@NhyiraPremium thanks a lot...I wouldn't be able to stream live but I hope I will get all on the youtube channel
Sir please the note 2. There was a clause about the fact that,there will be no replacement for the supervisor. How about any opportunity cost