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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) Cost-volume-profit relationship also denotes the break-even point. (4) Marginal costing is based on the distribution between fixed and variable costs.Which of the statements given above are correct

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Consider the following statements:<br /> (1) Marginal costing and absorption costing are the same.<br /> (2) For decision-making, absorption costing is more suitable than marginal costing.<br /> (3) Cost-volume-profit relationship also denotes the break-even point.<br /> (4) Marginal costing is based on the distribution between fixed and variable costs.<br />Which of the statements given above are correct






 
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