General Studies · Accounting and Costing
Assertion (A): In marginal costing, fixed costs are treated as period costs and are not included in product cost. Reason (R): Fixed costs remain constant in total irrespective of the level of output within the relevant range.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are true, and R is the correct explanation of A✓
- 2Both A and R are true, but R is not the correct explanation of A
- 3A is true, but R is false
- 4A is false, but R is true
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Both A and R are true, and R is the correct explanation of A
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