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.

Question

Quizplus · Accepted Answer

The Answer of 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.

Standard Costs Are Able to Be Used Under AASB 102