Question: 1. What is/are the difference(s) between cost object and cost unit? Please provide at least 2 examples to illustrate the difference(s). 2. Why is it

1. What is/are the difference(s) between cost object and cost unit? Please provide at least 2 examples to illustrate the difference(s).

2. Why is it necessary to classify cost as direct cost and indirect cost? Please provide examples to illustrate your explanation.

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