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1. Distinguish between absorption (full) costing and marginal (variable) costing 2. What are the arguments for and against marginal costing and absorption costing techniques 3.

1. Distinguish between absorption (full) costing and marginal (variable) costing

2. What are the arguments for and against marginal costing and absorption costing techniques

3. Explain how changes in inventory affects the profit (net income) of a variable costing and full costing system.

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