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2. a) Define the following terms: i) Cost centre; ii) Cost unit; iii) Cost behavior; iv) Unit cost; v) Responsibility center; vi) Profit centre; vii)
2. a) Define the following terms:
i) Cost centre; ii) Cost unit; iii) Cost behavior; iv) Unit cost; v) Responsibility center; vi) Profit centre; vii) Conversion cost; viii) sunk cost ; ix)relevant cost; x) Relevant range ;xi) cost and expense.
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