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(a) Based on your research, using your department as cost object, describe the concepts of: (i) Direct cost (3 marks) (ii) Indirect cost. (3 marks)

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(a) Based on your research, using your department as cost object, describe the concepts of: (i) Direct cost (3 marks) (ii) Indirect cost. (3 marks) (iii) Variable cost (3 marks) (iv) Fixed cost

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