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For the application of standard costing, it is necessary to meet which of following conditions?

A) A sufficient volume of standard components or products should be manufactured
B) Methods and procedures cannot be controlled
C) A sufficient number of costs should be able to be controlled

A. A and B

B. B and C

C. A and C

D. None 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