Which of the following statements are true?
1. Marginal costing is not an independent system of costing.
2. In marginal costing, all fundamentals of cost are divided into fixed and variable components.
3. In marginal costing, fixed costs are treated as product cost.
4. Marginal costing is not a technique of cost analysis.
A. Both 4 and 1
B. Both 2 and 3
C. Both 1 and 2
D. Both 2 and 4
Answer: Option C
This Question Belongs to Management >> Management Accounting
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