Use the Information Below to Answer the Following Question(s)

question 63

Multiple Choice

Use the information below to answer the following question(s) .Beauty Supply Company manufactures shampoo.The supervisor has provided the following information and stated that standard costing is used for manufacturing, marketing, and administrative costs. There were no beginning or ending inventories of materials or work-in-process.
-What is the per unit variable cost?

• A)$22.00
• B)$18.00
• C)$14.00
• D)$12.00
• E)$11.00

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Definitions:

AASB 116

This Australian Accounting Standards Board standard pertains to Property, Plant, and Equipment, covering its recognition, measurement, and disclosure.

IAS 16

International Accounting Standard that prescribes the accounting treatment for property, plant, and equipment.

AASB 141

Refers to the Australian Accounting Standards Board's standard on Agriculture, which guides how agricultural activities and products should be accounted for and reported in financial statements.

IAS 41

An International Accounting Standard that requires agricultural activity's biological assets and agricultural produce to be measured at fair value less costs to sell.