Standard Costs Are Able to Be Used Under AASB 102

question 47

Multiple Choice

Standard costs are able to be used under AASB 102 where:

• A) They have been properly set and maintained.
• B) They are realistically attainable and are reviewed regularly.
• C) They are assessed to be a sound basis for the purpose of inventory valuation.
• D) They are revised in the light of current conditions as necessary.
• E) None of the given answers.

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