On this page, you can find the recording of the Weekly Meeting 3 for AMDM [Accounting for Managerial Decision Making]. Feel free to ask questions in the comment section below, we will answer them 🙂
Recording
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The recording has multiple parts and will be uploaded latest at 20:00 o’clock every Sunday. Press next to see the following one.
The video links expire (please refresh the page if it does not load anymore). If you still have issues, contact us at [email protected].
Thank you for watching and we hope you liked it! Feel free to ask questions below 🙂 (We are notified if you ask a question).
You can find the next Recorded Weekly Meeting on this page.
Hello,
(Slide 6) In step 1, why out of the 2500 completed, 2000 is the value that needs to be completed? And where does the 500 come from?
(Slide 8) Why we do not have WIP cost, since it is the cost from previous period and we are using FIFO?
Hi 🙂
as we are doing FIFO, we need to finish the starting inventory first which amounts to 2000 units but since we sell 2500 units, we take those from the new production.
For the WIP cost, we do not include them in the cost per unit calculation as they are added in the last step when we assign costs. There we add back the WIP cost. Let know whether it makes sense 🙂
Hello, thank you I now understand
The video ends while it was about to show how to calculate the total cost of conversion, where can I find the other part of the video?
Hi 🙂
You just need to click on the next error close to the volume field at the bottom of the screen.
Let me know whether it works!
Hello, thank you it worked