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The following statements regarding product cost information 1 point Consider the following statements regarding product cost information. i. Product cost information is necessary for planning,

The following statements regarding product cost information

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1 point Consider the following statements regarding product cost information. i. Product cost information is necessary for planning, cost control and providing information for making decisions. ii. Product cost information is not necessary to justify rate increases that are subject to the approval of government authorities. ili. Product cost information is necessary to value inventory on the balance sheet. Which of the statement/s is/are correct? i, ii and ini i and ii O i and ini iii O

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