Explain what you understand by cost classification in management accounting (5 marks). Identify five cost classifications...

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Explain what you understand by cost classification in management accounting (5 marks). Identify five cost classifications with examples aiding decision-making (5 marks). A company produces various products, each with different cost structures. Discuss five (5) benefits of activity-based costing (ABC) in allocating costs more accurately than traditional costing methods Explain what you understand by cost classification in management accounting (5 marks). Identify five cost classifications with examples aiding decision-making (5 marks). A company produces various products, each with different cost structures. Discuss five (5) benefits of activity-based costing (ABC) in allocating costs more accurately than traditional costing methods

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Cost classification in management accounting refers to the process of categorizing costs based on their nature behavior or function to facilitate decisionmaking and financial analysis This classificat... View the full answer