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(a) Raw material cost in a plant operation contributes almost 75% of the total cost. It is very closely associated with the manufacturing of product

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(a) Raw material cost in a plant operation contributes almost 75% of the total cost. It is very closely associated with the manufacturing of product during day-to-day operation and as the starting material during start-up. i) Distinguish the difference between the cost of manufacturing and working capital in which both constitutes raw material as a major portion

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