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1. 2. Why is an indirect material cost included in manufacturing overhead cost? (2 marks) What is the value chain? State the main components of

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1. 2. Why is an indirect material cost included in manufacturing overhead cost? (2 marks) What is the value chain? State the main components of a manufacturer's value chain. (2 marks) What type of industry is likely to use a job order cost system? Give some examples. (2 marks) Which budget is the starting point in preparing the master budget? Explain. (2 marks) 3. 4

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