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Consider the following statements 1 Marginal costing and absorption costing are...

This question belongs to Management Management Accounting
Management Accounting
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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. Cost volume profit relationship also denote break-even point.
4. Marginal costing is based on the distinction between fixed and variable costs.
Which of the statements given above are correct?

Answer & Solution
Correct Answer: Option C
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