Match the following: List-I | List-II (P) Cost control purposes | (1) ___________ is a pre-determined cost (Q) Standard cost | (2) Responsibility accounting fixes responsibility for ___________ (R) Integrates | (3) Cost

CS Executive · Cost and Management Accounting · PYQS · December 2019
Match the following: List-I | List-II (P) Cost control purposes | (1) ___________ is a pre-determined cost (Q) Standard cost | (2) Responsibility accounting fixes responsibility for ___________ (R) Integrates | (3) Cost accounting guides for fixing future ___________ (S) Production policies | (4) Budgeting system ___________ key managerial functions Select the correct answer from the options given below : (P) (Q) (R) (S)
(A) (4) (3) (2) (1)
(B) (2) (1) (4) (3)
(C) (2) (3) (4) (1)
(D) (3) (2) (4) (1)

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Cost Accounting Concepts

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