Question: Questions- 1. Explain what cost accounting is (20marks) 2. Explain the differences between direct and indirect cost (20marks) 3. Define and explain what is limiting

Questions-

1.Explain what cost accounting is (20marks)

2.Explain the differences between direct and indirect cost (20marks)

3.Define and explain what is limiting factor in cost accounting (30marks)

4.Differences between FIFO, LIFO and WACO. (30marks)

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