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Management
Management Accounting
Difficulty: Medium
Which of the following statements are true? 1. Marginal costing is not an independent system of costing. 2. In marginal costing, all fundamentals of cost are divided into fixed and variable components. 3. In marginal costing, fixed costs are treated as product cost. 4. Marginal costing is not a technique of cost analysis.
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Which of the following statements relating to the system of collective bargaining in United Kingdom is true? 1. It is covered under the Trade Unions and Labour Relations Act, 1974. 2. It is covered under the Trade Unions and Labour Relations (Consolidation) Act, 1992. 3. It is covered under the Employment Relations Act, 1999. 4. It is not covered under any legislation.