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Standard costing is the preparation of standard costs and their comparison with _______ and the analysis of ________.

A. Marginal costs, Variances

B. Variances, Marginal costs

C. Actual costs, Variances

D. Variances, Actual costs

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