- Marginal costing and Absorption costing are the same.
- For decision making, absorption costing is more suitable than marginal costing
- Cost-volume-profit relationships also denote break-even point.
- Marginal costing is based on the distinction between fixed and variable costs.
Which of the following combinations gives true statements with regard to above?
1 and 2
2 and 3
3 and 4
4 and 2