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Question 5 Choose the correct statements from the following: A Absorption costing produces a lower product cost. Variable costing is based on the distinction between

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Question 5 Choose the correct statements from the following: A Absorption costing produces a lower product cost. Variable costing is based on the distinction between fixed and variable costs. Variable costing and absorption costing are the same. For decision making, absorption costing is more suitable than variable costing

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