Q.
1
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?
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A
Both (A) and (R) are correct.
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B
Only (A) is correct, but (R) is wrong
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C
Only (R) is correct, but (A) is wrong
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D
Both (A) and (R) are wrong