Q.
1
  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 relationships also denote break-even point.
  4. Marginal costing is based on the distinction between fixed and variable costs.

Which of the following combinations gives true statements with regard to above?

Codes:

  • A

    1 and 2   

  • B

    2 and 3      

  • C

    3 and 4      

  • D

    4 and 2