Which of the following statements is are true regarding prod

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.

Only A is true.

Only B is true.

Both A and B are true.

Neither A nor B is true

Solution

(b) Only B is true.

A common decision facing managers  is determining the price at which to sell their products or provide their services.