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Commerce · Q1017

Costing

Graduate and Post Graduate · Commerce · question 1017

Q1017

Which of the following is not correct with reference to standard costing?

A.
In standard costing, pre-determined costs control an entire organization
B.
Standard maybe expressed in quantitative and monetary measures
C.
Only adverse variances are investigated intensively
Answer
D.
Standard is determined for each element of cost

Answer: Option C

Solution

Answer: Option C
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