Statement - I When there are no inventories, profit figure under marginal costing and absorption costing is identical. Statement-II Inventories are valued at cost of production in absorption and marginal costing systems.
CS Executive · Cost and Management Accounting · PYQS · December 2016
Statement - I When there are no inventories, profit figure under marginal costing and absorption costing is identical. Statement-II Inventories are valued at cost of production in absorption and marginal costing systems. Select the correct answer from the options given below —
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Management Accounting
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