Question: explian each with example. QUESTION 1. Distinguish between the following sets of terms: Direct labour cost and indirect labour cost. QUESTION 2: In the context

explian each with example. QUESTION 1. Distinguish between the following sets

explian each with example.

QUESTION 1. Distinguish between the following sets of terms: Direct labour cost and indirect labour cost. QUESTION 2: In the context of cost classification, define the following types of costs: i) Sunk cost. ii) Opportunity cost. QUESTION 3: Briefly explain the following terms as used in cost accounting: (i). Mixed costs (ii). Cost behaviour (iii). Incremental cost

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