Intermediate. (a) Describe the role of the cost accountant in a manufacturing organization. (8 marks) (b)Explain whether
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Intermediate.
(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)
ACCA Level 1 Costing
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