Which of the Following Statements Is (Are)true Regarding Product Costing

Multiple Choice

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 A and B are true.
D) Neither A nor B is true.