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

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
by

1 Answer

Answer :

C. Both a and b
by

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