Question: Which of the following is/are reason(s) for adopting a standard costing system? Facilitating decision making and product costing Improving planning and control

Which of the following is/are reason(s) for adopting a standard costing system?

   Facilitating decision making and product costing   

   Improving planning and control   

    Both (a) and (b) are correct answers.   

    Neither (a) nor (b) are correct answers.

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