Q1243
Consider the following statements. 1. Marginal costing and absorption costing are the same. 2. For decision-making, absorption costing is more suitable than marginal costing. 3. Marginal costing is based on the distinction between fixed and variable costs. Which of the statement(s) given above is/are correct?
A.
Both 1 and 2
B.
Both 2 and 3
C.
Both 1 and 3
AnswerD.
None of these
Answer: Option C
Solution
Answer: Option C
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