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5. What is classified as manufacturing overhead? (14, 15) 6. When considering two different alternatives, what is considered relevant vs. not relevant in deciding

5. What is classified as manufacturing overhead? (14, 15) 6. When considering two different alternatives, what is considered relevant vs. not relevant in deciding between the two? (20) 7. Describe how variable costs respond to changes in the activity level per unit and total. (18) 8. What is the starting point in preparing a master budget? (22) 9. Calculate the cash payback period. (25)

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