Examlex
Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:
IFRS 9
International Financial Reporting Standard 9, relating to financial instruments, covering their classification, measurement, impairment, and hedging.
Performance Obligation
A promise in a contract to transfer a good or service to a customer, which is a fundamental concept in revenue recognition.
Non-distinct
Describes goods, services, or attributes that are not clearly separate or distinguishable from each other.
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