Management Accounting - Finance (MCQ) Questions and answers for Q. 9569

Q.  Which of the following statements are not true?

A) In standard costing standards relies on technical assessment whereas budgetary targets are based on past actual adjusted to future trend.
B) The scope of standard costing is much wider than budgetary control.
C) Budgetary control demands functional coordination whereas it is not the case with standard costing.
D) Standard costing prescribes a monetary limit which cannot be crossed.
- Published on 08 Sep 15

a. A and B
b. B and D
c. C and D
d. A and C

ANSWER: A and C

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