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  3. which of the following statements is true? the var

Which of the following statements is true? The variable costs of a product are relevant...

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Accounting

Which of the following statements is true?
The variable costs of a product are relevant in a decision concerning whether to eliminate the product.
Fixed costs are irrelevant in decisions about whether a product should be dropped.
A product whose revenues do not cover its variable costs and its traceable fixed costs should usually be dropped.
In a decision to drop a product, the product should be charged for rent in proportion to the space it occupies even if the space has no
alternative use and the rental payment is unavoidable.
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