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Which of the following is not true regarding IAS 2 Inventories? A. Fixed production overheads must be allocated to items of inventory on the basis of the normal level of production. B. Plant lying idle will lead to a higher fixed overhead allocat on to each C. Variable production overheads are allocated to each unit on the basis of the actual usage of production facilities. D. Unallocated overheads must be recognized as an expense in the period in which they are incurred.
Sagot :
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