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A. Briefly explain the main differences between Financial Accounting and managerial Accounting. (4 marks) B. Briefly explain the key assumptions underlie cost-volume- profit analysis. (3

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A. Briefly explain the main differences between Financial Accounting and managerial Accounting. (4 marks) B. Briefly explain the key assumptions underlie cost-volume- profit analysis. (3 marks) c. Briefly distinguish between (i) a variable cost, (ii) a fixed cost, and (iii) a mixed cost. Give one example for each cost

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