Which of the following statements is/are false : (i) Product can be sold below marginal cost in certain special circumstances (ii) Cost per unit of key factor is the basis of ranking products on profitability (iii) When
CS Executive · Cost and Management Accounting · PYQS · June 2016
Which of the following statements is/are false : (i) Product can be sold below marginal cost in certain special circumstances (ii) Cost per unit of key factor is the basis of ranking products on profitability (iii) When there are no inventories, profit figures under marginal and absorption costing are identical. Select the correct answer from the options given below —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Marginal Costing
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