Which of the following statements are true?
i) In marginal costing, fixed costs are treated as product costs.
ii) Marginal costing is not an independent system of costing.
iii) Marginal costing is not a technique of cost analysis.
iv) In marginal costing, all costs are divided into fixed and variable.
1
(i) and (ii)
2
(ii) and (iii)
3
(i) and (iv)
4
(ii) and (iv)