Which of the statements accurately compare the advantages of absorption costing with those of marginal costing?
- Aabsorption costing avoids the need to separate fixed costs and variable costs; marginal costing is useful when there is a limiting factor affecting production
- Babsorption costing is a recognised method of valuing inventory; marginal costing ensures fixed costs are attributed to cost centres
- Cabsorption costing is useful for determining selling price; marginal costing is a recognised method of valuing inventory
- Dabsorption costing is useful for short-term decision-making; marginal costing is useful for determining selling price