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

D. None of these

Answer: Option C