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To establish an effective system of standard costing it is essential that

A) The technical process of operation should be prone to planning
B) The cost of the products should be given
C) The process or operating costs of products should be provided
D) The standard costing should be consistent with the technical procedure of the production of the specific entity

A. A, B and C

B. A, C and D

C. B, C and D

D. D, C and A

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