BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accounting and Auditing Cost and Management Accounting
Which of the following is a characteristic of marginal costing that distinguishes it from absorption costing?
1
It includes both fixed and variable costs in product costs.
2
It allocates fixed overheads to product costs.
3
It considers only variable costs for decision making.
4
It is primarily used for financial accounting purposes.
5
It results in higher inventory valuation compared to absorption costing.