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0 400 1,000 1,200 1,500 Question one (a) Fill in the blanks in the following table: Quantity 100 Variable cost per unit K5 Variable cost

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0 400 1,000 1,200 1,500 Question one (a) Fill in the blanks in the following table: Quantity 100 Variable cost per unit K5 Variable cost in totalk Fixed cost (in total) K100,000 Fixed cost per unit k Total cost K (7% marks) (b) What is cost? Give 3 examples of cost (3 marks) (c) State the elements of cost and briefly explain each one of them, giving one example of each (6 marks) (d) What product cost is, indicating its components. Also explain the treatment of unsold units of a product as well as what happens to product cost when the product is sold. (4% marks) (e) What are period costs? Give three examples of period costs. (4 marks) (Total 25 marks)

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