A broaching tool for machining a workpiece formed of a parallelogram shaped insert which fits within a slot formed in a body member. The insert has two juxtaposed corners either of which may be oriented at the distal end of the body member to function as a cutting edge. Repositioning of the insert to place either cutting edge in place is provided by flipping it over in its engagement within the slot. The inserts may be provided in a kit of differently configured inserts to yield different cutting widths.