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There are ______ types of standard used in the process of establishment of standard costing system.

A. Five

B. Four

C. Three

D. Two

Solution by Mcqs Clouds

Answer: Option D

Explanation:
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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