Economics · Cost Accounting

A Standard Costing System primarily relates to: (i) Predetermined or estimated costs (ii) Cost control (iii) Budgetary control (iv) Marginal costing

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1(ii) and (iv)
2(i) and (ii)✓
3(ii) and (iii)
4(i) and (iii)

Correct answer

(i) and (ii)

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A Standard Costing System primarily relates to: (i) Predetermined or estimated costs (ii) Cost control (iii) Budgetary control (iv) Marginal costing

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A Standard Costing System primarily relates to: (i) Predetermined or estimated costs (ii) Cost control (iii) Budgetary control (iv) Marginal costing

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