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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Пікірлер: 42

  • @NhyiraPremium
    @NhyiraPremium3 жыл бұрын

    Thank you for watching this video. Become a VIP Member by Subscribing To My Channel goo.gl/Nw9WJU Check out these playlists also, Management Accounting kzread.info/head/PLr0o467TparX-T2HRzbQHeL3GvdeQUjsQ Financial Management kzread.info/head/PLr0o467TparXJe7a9Kmh7XIkWCaFdRECO Public Sector Accounting and Finance kzread.info/head/PLr0o467TparUVByDsBSUzp4gz7FY-ZCiX Financial Reporting / Corporate Reporting kzread.info/head/PLr0o467TparV0dWblpCOnwN2oVHjmzpKx Strategic Case Study kzread.info/head/PLr0o467TparWm9hiAwhsmgzG1deg3ZjWk

  • @patrickackonu2530

    @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

  • @blessingmaya7906
    @blessingmaya7906 Жыл бұрын

    Thank you sir, you have saved me from the difficulty of relevant cost analysis

  • @saluejalloh2918
    @saluejalloh29184 ай бұрын

    From Sierra Leone I have become your student as from today. God bless you for me.

  • @selivanamuchimba4269
    @selivanamuchimba4269 Жыл бұрын

    Thank you so much sir, I have been struggling to understand this topic and you have made it clear.

  • @saluejalloh2918
    @saluejalloh29184 ай бұрын

    The best I have come across. Thank you very much Sir! God bless you ❤❤❤❤❤❤

  • @patrickackonu2530
    @patrickackonu2530 Жыл бұрын

    Sir you are great. God blessed you more

  • @alusinesheriff-ml6it
    @alusinesheriff-ml6it4 ай бұрын

    Thanks for the soft and steady explanation.

  • @meimojapela7209
    @meimojapela72092 жыл бұрын

    It's 2022 thank you very much. I have benefited from the lectura💕💕

  • @sandraasare8183
    @sandraasare81833 жыл бұрын

    God bless you Sir

  • @favourojika6075
    @favourojika6075 Жыл бұрын

    This was soo helpful Thank

  • @patriciakafiswe
    @patriciakafiswe3 жыл бұрын

    Thank you sir watching from Zambia 😍

  • @aduyeboahevans1291
    @aduyeboahevans1291 Жыл бұрын

    Very sweet simple straight to the point😅

  • @nimotaogunlana6368
    @nimotaogunlana636810 ай бұрын

    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

    @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

    @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.

  • @yvonnemadyambwa1601
    @yvonnemadyambwa16012 жыл бұрын

    Yes

  • @ndubuisichibuzo8837
    @ndubuisichibuzo88378 ай бұрын

    Thanks for the tutorials video. Insightful and helpful🎉

  • @NhyiraPremium

    @NhyiraPremium

    8 ай бұрын

    Glad it was helpful!

  • @pstrafandelaizer1873
    @pstrafandelaizer1873 Жыл бұрын

    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?

  • @muhirwathomas917
    @muhirwathomas917 Жыл бұрын

    My teacher is really a bad one, thanks for making relevant cost analysis easy

  • @maudchinyemba-vq2hd
    @maudchinyemba-vq2hdАй бұрын

    Thank u so much sir

  • @maudchinyemba-vq2hd

    @maudchinyemba-vq2hd

    Ай бұрын

    I would like help on cash surplus

  • @maudchinyemba-vq2hd
    @maudchinyemba-vq2hdАй бұрын

    What are incremental cost

  • @umarosaw92
    @umarosaw923 жыл бұрын

    good evening mentor

  • @danielkyere3377
    @danielkyere33772 жыл бұрын

    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

  • @mayweatherdzoto9304
    @mayweatherdzoto930410 ай бұрын

    Nice display

  • @amoabasupdates8525
    @amoabasupdates85252 жыл бұрын

    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

    @samasonbenjamin1832

    Жыл бұрын

    I think we should use $3 for 4000 hours and $2 for the 2000 hours

  • @chamafixautomotivemechanic7783
    @chamafixautomotivemechanic77833 жыл бұрын

    I mean business law only

  • @chamafixautomotivemechanic7783
    @chamafixautomotivemechanic77833 жыл бұрын

    Can you study businesses law

  • @samasonbenjamin1832
    @samasonbenjamin1832 Жыл бұрын

    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

    @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.

  • @alusinesheriff-ml6it
    @alusinesheriff-ml6it4 ай бұрын

    Good afternoon sir . How can we determine the relevant cost of overheads

  • @NhyiraPremium

    @NhyiraPremium

    4 ай бұрын

    Follow the principles discussed about the characteristics of relevant costs.

  • @tweetu25
    @tweetu252 жыл бұрын

    Why do we consider only the interest finance cost & not the loan amount of 20,000$

  • @NhyiraPremium

    @NhyiraPremium

    2 жыл бұрын

    Because the loan will be repaid and that's not a cost to be incurred.

  • @tweetu25

    @tweetu25

    2 жыл бұрын

    @@NhyiraPremium thx a lot sir! Wow so quick!

  • @kay47063
    @kay470633 жыл бұрын

    Which days do u stream live

  • @NhyiraPremium

    @NhyiraPremium

    3 жыл бұрын

    Weekdays at 4:30 pm

  • @kay47063

    @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

  • @danielkyere3377
    @danielkyere33772 жыл бұрын

    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

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