Assume yourself as a cost accounting manager of Oman clothing company, you are required to riposte the following concerns that help the top-level managers (for answering follow the business brief writing guidelines attached at the end of the assignment):
a. List three (3) fixed costs, variable costs,s and semi-variable costs each that will incur in your organization.
b. Show and explain the fixed cost and variable cost curve behaviors of your business taking one item of fixed and variable cost as an example selected with numerical examples and graphical representations.
c. Prepare a stores ledger based on the stores details of your company by following LIFO method.

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In the world of accounting and bookkeeping there are three different types of costs fixed variable a... View the full answer