Assertion (A): Only the relevant costs should be taken into consideration for decision making.

Reason(R): All variable costs are relevant costs and all fixed are irrelevant costs.

In the above two statements, which one alternative of the following is correct?



  • A

    Both (A) and (R) are correct.  

  • B

    Only (A) is correct, but (R) is wrong  

  • C

    Only (R) is correct, but (A) is wrong 

  • D

    Both (A) and (R) are wrong