Diagrams

[Geetanjali]

Hi All,

Given below is the diagram, which will help you distinguish between over and under absorption of overhead.

http://getthroughguides.co.uk/forum/imagehosting/34474ae4c663af5.jpg




Geetanjali

PS: Wish you all the very best for your forthcoming exams.

[Geetanjali]

Hi All,

Abnormal gain is the difference between actual loss and normal loss.

Following diagram will help you understand the concept of abnormal gain:

http://getthroughguides.co.uk/forum/imagehosting/3447515251171e0.jpg


Regards
Geetanjali

[Geetanjali]

Hi All,

How is valuation of equivalent units done under the FIFO method?

Valuation of equivalent units under FIFO method:


http://getthroughguides.co.uk/forum/imagehosting/344751525147f27.jpg



Regards,
Geetanjali

[Geetanjali]

I hope the diagram on valuation of equivalent units under FIFo method was useful to you. Following is the diagram which explains the valuation of equivalent units under WEIGHTED AVERAGE METHOD:


http://getthroughguides.co.uk/forum/imagehosting/344751525177cd5.jpg


Best luck!