Given below are two statements one labelled as Assertion A and the other labelled as Reason R nbsp n......

Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R) :    (2 marks)

Assertion (A) : Variance analysis is undertaken for planning and control of costs.

Reason (R) : Future costs are taken into consideration in budgeting and standard costing. In the above two statements, which one alternative of the following is correct ?

Codes :

Both (A) and (R) are correct and (R) is not the Reason for (A).

By: santosh