Why historical costs have no managerial use?

Q.  Historical costs have no managerial use because
- Published on 04 Sep 15

a. They are made available to management too early to correct inefficiencies
b. They provide motivation to employees to achieve their objectives
c. They provide yardstick to ascertain the operational efficiency
d. They cannot become the basis of budgeting and planning

ANSWER: They cannot become the basis of budgeting and planning

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