Please may you help me with a video on Operational and Planning variances, i just need this before the exam on Wednesday. Your videos are so helpful, thank you
@SteveWillisACCA
3 жыл бұрын
Just uploaded :)
@abanstephen6194
3 жыл бұрын
@@SteveWillisACCA most of us will be highly indebted to you.
@susannabbanja700
Жыл бұрын
More clarity on the variable cost value, i thought it will be calculated on the van capacity and also for capacity being greater than demand, i will be 90% on the variable cost since in the question states that if the capacity of the van is greater than the demand for crates in a period then the variable cost will be lower by 10%. thank you
@SteveWillisACCA
Жыл бұрын
Hi there. The van has a max capacity. So if demand is 120 KG, but my van only holds 100KG, then my variable cost will be for the 100 my van can hold, not for the total demand. If the van is partially empty because I sell all my units on the delivery route, then the VC drops 10%...that's the idea in this question.
@Kamalmarzooq2003
Жыл бұрын
That's Helpful!
@SteveWillisACCA
Жыл бұрын
Glad it was helpful!
@abdulbarik1419
2 жыл бұрын
Really helpful
@SteveWillisACCA
2 жыл бұрын
Glad you think so!
@sharath_bhs
3 жыл бұрын
for VC. we are using min formula but in previous Q we went with prod units. should we use min formula in that Q too?
@SteveWillisACCA
3 жыл бұрын
Great question! It depends on the context of the scenario--for the cement company, they commit to the production schedule before they sell--variable cost is linked to units produced, not sold. For the van, the variable cost is linked to how many crates they actually drive around-crate deliveries sold.
@sharath_bhs
3 жыл бұрын
@@SteveWillisACCA thanks, makes sense now :)
@vivica75
Жыл бұрын
Why do we choose the maximin and maximax based on demand? Why not based on Van capacity?
@SteveWillisACCA
Жыл бұрын
Maximax is the best option in the worst-case scenario, which is low demand. The van capacity is our decision. So we go through the 2 options: big van/small van and then check the profits in the different demand states, the uncertainty.
@tuitionaire3090
3 жыл бұрын
Please how did you get the 48, 48 and 76? Also, why did you use -100 on the other column (i.e the column for when demand is higher than capacity)?
@SteveWillisACCA
3 жыл бұрын
those first ones are 10% reduction of the variable cost--it's just adding a +10% to the negative variable costs 480, 480, 760. the -100 is the 'lost customer goodwill' in the question: we didn't service all the customers so some will choose a different company. Make sense? Good luck Wednesday!
@Ananthu-rb5ig
Жыл бұрын
Hi Sir.Can you please tell me the why Variable cost in shifters haulage&cement co calculated in a different way?
@SteveWillisACCA
Жыл бұрын
The variable cost is based on what is produced, not sold. So if we produce 100 but sell 50, 60, or 70, the variable cost is based on 100.
@Ananthu-rb5ig
Жыл бұрын
@@SteveWillisACCA THANKYOU
@SteveWillisACCA
Жыл бұрын
@@Ananthu-rb5ig NP
@Ananthu-rb5ig
Жыл бұрын
Hi Steve.Can you please give me an idea about the question "TICKET AGENT"(QT NO:296 OF KAPLAN)
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