Q852
Assertion (A): Only the relevant costs should be taken into consideration for decision-making. Reason (R): All variable costs are relevant costs, and all fixed costs are irrelevant costs.
A.
Both (A) and (R) are correct
B.
(A) is correct, but (R) is incorrect
AnswerC.
(R) is correct, but (A) is incorrect
D.
Both (A) and (R) are incorrect
Answer: Option B
Solution
Answer: Option B
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