Consider the following statements |
I. Marginal costing and absorption costing are the same. |
II. For decision-making, absorption costing is more suitable than marginal costing. |
III. Cost volume profit relationship also denote breakeven point. |
VI. Marginal costing is based on the distinction between fixed and variable costs. |
Which of the statements given above are correct? |
A) I and II
B) II and III
C) III and IV
D) IV and II
Correct Answer: D
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