Which statements relating to marginal costing are correct?
1 Fixed production costs are included in inventory valuations.
2 Fixed production costs are fully written off as an expense.
3 Variable production costs are included in inventory valuations.
4 Variable production costs are fully written off as an expense.
1 )
1 and 3
2 )
1 and 4
2 and 3
4 )
3 and 4
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