(a) Describe the role of the cost accountant in a manufacturing organization. (8 marks) (b) Explain whether...

Question:

(a) Describe the role of the cost accountant in a manufacturing organization. (8 marks)

(b) Explain whether you agree with each of the following statements:

(i) ‘All direct costs are variable.’

(ii) ‘Variable costs are controllable and fixed costs are not.’

(iii) ‘Sunk costs are irrelevant when providing decision making information.’

(9 marks)

(Total 17 marks)

ACCA Level I Costing LO1

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