ODL - Cashbook - Exercise 2

Again?

Well, since I have nothing to do so I make you to do something for yourself. A good example on cashbook. This time around, the business has a brought down figure. So just write down the figure at the correct side either debit or credit side then post the entries to the cashbook.

Hope you guys benefits from it!

ODL - Cashbook - Exercise 1

Assalamualaikum and hi to my dear students.

As much as I want yo to succeed, here I've prepared a video on how to answer the cashbook question. The softcopy of the exercise can be obtained HERE. Click the link and run the video. InsyaAllah, it saves some time and you can focus on other things in the class.

Enjoy the video.

Don't forget to subscribe the channel okay!

ODL - Recording transactions

Assalamualaikum and hi students,

Attached is the ODL exercise, click the link to download the exercise and you can learn also by watching the video below. You may need an earphone because you need to focus and your eyes only to the video. Sorry if the quality is unsatisfactory but you will appreciate it when you understood. Bring it on!

Preparation of Final Accounts for Beginners: Part 2

Assalamualaikum and hi students,

This is my second video for the preparation of final accounts. Like previous we will begin with the trial balance and then we will construct two financial statements that are Statement of Profit and Loss and Statement of Financial Position. 

Hope this will benefit you. At least you have the advantage of doing revision by watching this video. Make sure to download the question HERE and  put on your earphone.

Preparation of Final Accounts for Beginners: Part 1

Assalamualaikum and hi students,

This is one of my first video for the preparation of final accounts. We will begin with the trial balance and then we will construct two financial statements that are Statement of Profit and Loss and Statement of Financial Position. 

This is for the beginners' level. Sorry for the lack of lightings as well as the sound quality is not really good, but hey for the sake of learning, please bear with me on this.

I'm attaching the question I took from my handbook and you can download it here by clicking THIS

Assignment 1 - CVP Analysis

Assalamualaikum and dear students,

Download the files or you may watch it online for your assignment 1 for Management Accounting. In a group of 4, you may work this out and submit to me on 28th February 2020.

The video for this is here....
Assignment 1 - Cost Volume Profit Analysis

Cost-Volume Profit Analysis - Hijab Empire

Break-even Point

Exercise 1

Sahera Manufacturing produces a satin hijab by the name of Hijaberz. Below are the information regarding the production of the above product.

Selling Price          RM80

Variable cost

Satin cloth(m)        2 metres@RM14/metre

Label (pc)              2 pcs@RM1.50/pc

Direct labour          1.25 hours@RM12/hr

Rental of shop       RM20,000 per year

Other fixed cost     RM15,000 per year

Production units    2000 pcs.

Required;

    1. Break-even point (units) and RM. 
2. New BEP in the Sahera wants to put additional profit of RM25,000.
3. If Sahera engage Mira Faezah as her hijab model, she needs to pay additional RM8,000. What will be her new BEP without the additional profit plan.

Exercise 2

A newcomer in hijab industry, Nadia, came out with a new design of hijab with a new tagline ‘Hijab for all’. Currently she produces 3000 pcs limited edition hijab this year with the following cost.

                 

Selling price          RM100

Variable cost

Secret cloth           1.5 metres@RM20/metre

Label (pc)              1 pc@RM2.20

Direct labour          1.75 hours@RM14/hr

Rental of studio    RM15,000 per year

Model contract      RM10,000 per model (standard)

During the year, she engaged 1 female and 1 male models to promote the hijab plus the advertisement cost of RM10,000. The male model received 40% lesser than the standard contract.

Required;

You have been asked to calculate the BEP (units) and RM for the said hijab.

   

    Since there are two big competitors in the hijab industries, Nadia has approached Sahera to join forces and create a new business entity called ‘The Hijab Awakens”. The rental cost of both business can be combined and reduced by RM5,000 while Mira Faezah, the existing model asking for an increase to her contract by 20%. It has been agreed that a new label be introduced at RM2 per piece for every hijab produced. The production units remain.

• Calculate new combined BEP(units) and RM
• Comment on the merger of the two businesses