Handy Ltd produces a line of brooms. The summary cost information for brooms for the year ended 30 June 2002 is:

The level of output for the period was the normal level of production of 290,000 units. What is the cost per broom (rounded to the nearest cent) in accordance with AASB 102 requirements?
A) $4.13
B) $2.00
C) $0.13
D) $2.06
E) None of the given answers.

Question

Handy Ltd produces a line of brooms. The summary cost information for brooms for the year ended 30 June 2002 is:

The level of output for the period was the normal level of production of 290,000 units. What is the cost per broom (rounded to the nearest cent) in accordance with AASB 102 requirements?
A) $4.13 
B) $2.00 
C) $0.13 
D) $2.06 
E) None of the given answers.

Quizplus · Accepted Answer

The Answer of Handy Ltd produces a line of brooms. The summary cost information for brooms for the year ended 30 June 2002 is:

The level of output for the period was the normal level of production of 290,000 units. What is the cost per broom (rounded to the nearest cent) in accordance with AASB 102 requirements?
A) $4.13 
B) $2.00 
C) $0.13 
D) $2.06 
E) None of the given answers.

Handy Ltd Produces a Line of Brooms