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Historical costs have no managerial use because

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

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