Which of the following statements is (are) true regarding product costing?(A) Individual product costs are relevant for managerial decision-making but irrelevant for preparing the financial statements.(B) A common decision facing managers is determining the price at which to sell their products or provide their services.
A. Only A is true.
B. Only B is true.
C. Both of these are true
D. Neither of these is true.
Answer: B
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