According to AASB 133 the Number of Shares Included in the Weighted-Average

question 28

Multiple Choice

According to AASB 133 the number of shares included in the weighted-average number of shares is determined by:

• A) The number of shares that meet the definition of ordinary shares as at the end of the reporting period.
• B) The number of shares that are on issue as ordinary shares for part or all of the period.
• C) The number of ordinary shares (that meet the definition of ordinary shares) at the beginning of the period plus any ordinary shares issued during the period less any reductions in ordinary shares during the period.
• D) The number of ordinary shares (as defined) that are issued or partly paid up at the beginning of the period plus any shares issued during the period whether fully or partly paid up.
• E) None of the given answers.

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Definitions:

Variable Manufacturing Overhead

Costs of manufacturing that vary with the level of production, such as supplies and utilities used in the production process.

Job A496

This is a reference to a specific task, project, or work order within a job costing system, identified by the code A496.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to individual products or job orders, based on a formula that estimates the costs.

Machine-Hours

Machine-hours refer to the total time that machinery is operated within a specific period, used as a basis for allocating manufacturing overhead to products.