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    ACCA Complete Formulae Sheet f2

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    MansoorVarikkodanMuhammed
    This document outlines various accounting concepts and formulas used for costing, budgeting, variance analysis, and performance measurement. It includes formulas for calculating variable costs, total costs, reorder levels, idle time ratios, turnover rates, overhead absorption rates, marginal costing profits, process costing, target costs, price and quantity indices for budgets, variance types, return on capital employed, current and quick ratios, inventory and receivable days, gearing ratios, earnings per share, price-earnings ratios, and capacity, activity, and efficiency ratios.

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    ACCA Complete Formulae Sheet f2

    Uploaded by

    MansoorVarikkodanMuhammed
    6K views4 pages
    This document outlines various accounting concepts and formulas used for costing, budgeting, variance analysis, and performance measurement. It includes formulas for calculating variable costs, total costs, reorder levels, idle time ratios, turnover rates, overhead absorption rates, marginal costing profits, process costing, target costs, price and quantity indices for budgets, variance types, return on capital employed, current and quick ratios, inventory and receivable days, gearing ratios, earnings per share, price-earnings ratios, and capacity, activity, and efficiency ratios.

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    All Formula for studying ACCA Paper F2 Management Accountng

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    This document outlines various accounting concepts and formulas used for costing, budgeting, variance analysis, and performance measurement. It includes formulas for calculating variable costs, total costs, reorder levels, idle time ratios, turnover rates, overhead absorption rates, marginal costing profits, process costing, target costs, price and quantity indices for budgets, variance types, return on capital employed, current and quick ratios, inventory and receivable days, gearing ratios, earnings per share, price-earnings ratios, and capacity, activity, and efficiency ratios.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    6K views4 pages

    ACCA Complete Formulae Sheet f2

    Uploaded by

    MansoorVarikkodanMuhammed
    This document outlines various accounting concepts and formulas used for costing, budgeting, variance analysis, and performance measurement. It includes formulas for calculating variable costs, total costs, reorder levels, idle time ratios, turnover rates, overhead absorption rates, marginal costing profits, process costing, target costs, price and quantity indices for budgets, variance types, return on capital employed, current and quick ratios, inventory and receivable days, gearing ratios, earnings per share, price-earnings ratios, and capacity, activity, and efficiency ratios.

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    © All Rights Reserved
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    of 4

    ACCOUNTING FOR COSTS

    VC/unit = (TCH TCL STEPPED COST)/(TUH TUL)


    Pie Chart Degree = (cost/TC)*360
    TC of Holding = Avg. Inventory * Holding cost/unit
    TC of Ordering = No. of orders * cost/order
    Reorder level = Max. Usage * Max. Lead time
    Max. Level = Reorder level + Reorder qty-(Min., Usage*Min. Lead time)
    Min. Level = Reorder level (Avg. Usage * Avg. Lead time)
    Idle time ratio = (Idle Hrs/Total Hrs) * 100%
    Labour Turnover Rate = (Replacements/Avg. No. of Employees)*100%
    OAR = Budgeted overheads/Budgeted hours
    (UNDER)/OVER ABSORPTION = (Actual hours * Std. OAR/unit) Actual Overheads
    MARGINAL COSTING
    SP VC = Contribution FC = Profit
    Marginal costing profit
    +/(-)

    Increase/(decrease) in inventory level * STD. OAR/unit


    Absorption Costing Profit

    Process Costing
    Cost/unit = (Material cost + Conversion Cost Scrap of Normal loss)/Expected output
    Equivalent units of O/P WIP: FIFO- % to complete; WAC 100%
    O/P+Input-C/S = Total Output
    Units started and completed this period = INPUT C/S
    Physical distribution = (Xs units/ Total units)*Common costs
    Sales value basis = (Xs Sales value @ Split off/ Total Sales Value @ Split off)*Common Costs

    Alternative Costing Methods


    Cost/cost driver = COST POOL$/No. of Cost drivers
    TARGET COST = Estimated SP Expected Profit
    BUDGETING
    Additive Model, S =Y S , Total to 0
    Multiplicative model, S = Y/T , total to 4
    Layspeyre P.I. = (PnQ0)/(P0Q0) * 100
    Layspeyre Q.I. = (P0Qn)/(P0Q0) * 100
    Paasche P.I. = (PnQn)/(P0Qn) * 100
    Paasche Q.I. = (PnQn)/(PnQ0) * 100
    Fishers index = (Layspeyre * Paasche)
    PRODUCTION BUDGET = SALES C/S FG O/P FG
    MAT. USAGE BUDGET = PRODUCTION UNITS * STD. USAGE /UNIT
    MAT. PURCHASE BUDGET = MAT. USAGE+ C/S MATERIALS O/P MATERIALS
    LABOUR BUDGET = PRODUCTION * STD HRS* STD. RATE
    VALUE ADDED = Sales Cost of Bought in material and services
    Pay back period = Year before recovery +[(unrecovered cost/ cashflow during next year)*12]
    S = P(1+r)n
    P = S/(1+r)n
    Effective annual Interest rate: (1+R) = (1+r)n
    Perpetuity = 1/r
    IRR = A+[a/(a-b)*(B-A)]*100%

    VARIANCE ANALYSIS
    MAT. PRICE = AQSP-AQAP
    MAT. USAGE = SQSP AQSP
    LAB. RATE = AHSR AHAR
    LAB. EFFICIENCY = SHSR AAH SR
    IDLE TIME = IDLE HRS * SR
    VOH EXPENDITURE = AAHSR AAHAR
    VOH EFFICIENCY = SHSR AAHSR
    FOH TOTAL VARIANCE = ABSORBED OH ACTUAL OH
    FOH EXPENDITURE = BUDGETED OH ACTUAL OH
    FOH VOLUME = BUDGETED OH (ACTUAL PRODUCTION * STD.OAR/UNIT)
    FOH EFFICIENCY = [(ACTUAL PN*STD HRS) ACTUAL HRS]*STD OAR/HR
    FOH CAPACITY = (BUDGETED HRS ACTUAL HOURS)*STD OAR/HR
    SALES PRICE = AQAP-AQSP
    SALES VOLUME = (AQ-BQ)* STD. PROFIT OR STD. CONTRIBUTION
    STD PROFIT FROM ACTUAL SALES = BUDGETED PROFIT SALES VOLUME VARIANCE
    STD COST OF ACTUAL SALES = BUDGETED PROFIT SALES VARIANCES

    PERFORMANCE MEASUREMENT
    ROCE = PBIT/CAPITAL EMPLOYED *100%
    ROI = PROFIT/INVESTMENT *100%
    RETURN ON SALES OR PROFIT MARGIN = PROFIT/SALES REVENUE * 100%
    ASSET TURNOVER = SALES REVENUE/CAPITAL EMPLOYED
    COST TO SALES RATIO = COST/SALES REVENUE
    CURRENT RATIO = CA/CL

    QUICK RATIO = CA INVENTORY/CL


    RECIEVABLE DAYS = AVG. RECEIVABLES/CREDIT SALES *365
    INVENTORY DAYS = AVG INVENTORY/COST OF SALES *365
    PAYBALE DAYS = AVG. PAYABLES/CREDIT PURCHASES * 365
    WORKING CAPITAL CYCLE = INVENTORY DAYS + RECIEVABLE DAYS PAYABLE DAYS
    GEARING RATIO = DEBT/(DEBT+EQUITY)
    OPERATING GEARING = OPERATING PROFIT/CONTRIBUTION
    INTERSET COVER = PBIT/INTEREST
    EPS = PAT AND PREFERENCE DIVIDEND/NO OF ORDINARY SHARES
    PE RATIO = PRICE PER SHARE/EPS
    DIVIDEND COVER = EPS/DIVIDEND PER SHARE
    CAPACITY RATIO = ACTUAL HRS/BUDGETED HRS* 100%
    ACTIVITY RATIO = STD HRS/BUDGETED HRS *100%
    EFFICIENCY RATIO = STD. HRS/ACTUAL HRS *100%

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