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In case only actual data and standard data are given without any indication of output

A. Standard quantity has to be calculated

B. Standard quantity has not to be calculated

C. Inadequate information

D. None of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above