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Which of the following statements are true about Standard Costs and Budgetary Control System?

A. Both are the important techniques of management control

B. Under both the techniques targets are decided beforehand

C. Both are based on presumption that cost is controllable

D. All 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