Question: 1. Define the following concepts, *Fixed Cost, *Variable Cost, *Unit Cost, *Relevant Range, *Managerial Accounting *Financial Accounting. 2. Discuss the differences between. a) Managerial Accounting

1. Define the following concepts,

*Fixed Cost,

*Variable Cost,

*Unit Cost,

*Relevant Range,

*Managerial Accounting

*Financial Accounting.

2. Discuss the differences between.

a) Managerial Accounting and Financial Accounting

b) Fixed Cost and Variable Cost

c) Be sure to note your source and citation in text

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