The following statements have been made about different types of standards in standard costing systems:

(1) Basic standards provide the best basis for budgeting because they represent an achievable level of productivity.
(2) Ideal standards are short-term targets and useful for day-to-day control purposes.

Which of the above statements is/are true?

A. 1 only
B. 2 only
C. Neither 1 nor 2
D. Both 1 and 2