The main objective of the IASB is to:

Multiple Choice
A. Set accounting standards for all European Union countries.
B. Develop a single set of global accounting standards.
C. Regulate financial information for all companies around the world.
D. None of the choices are correct.

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were: