MCQOPTIONS
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| 1. |
In context of net operating profit, which of the following statements are true? |
| A. | If all costs are variable, the amount of profit obtained in marginal costing and absorption costing will be same. |
| B. | If the volume of sales and output is equal in a period, profit will be same in absorption costing and marginal costing. |
| C. | Both a and b |
| D. | None of the above |
| Answer» D. None of the above | |