Question
Question-1: Al Safa LLC is one of the prestigious name in fast moving consumer products. It has its manufacturing unit in Nizwa where it
Question-1: Al Safa LLC is one of the prestigious name in fast moving consumer products. It has its manufacturing unit in Nizwa where it manufactures mobile sim cards to for Dohfar Telecommunication LLC. It normally manufactures 10,000 sim cards per quarter. It also has electronics retail unit at Salalah where it sells variety of electronics devices. With respect to the above scenario, suggest with reasons: (i) Suitable cost measurement technique and (ii) The cost formula to be used as per IAS 2 for the product manufactured at Nizwa and retail unit at Salalah assuming that products at the retail unit at Salalah are interchangeable. (2x2=4 marks)
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