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Choose any business idea and identify the following: 1. Direct Material Cost 2. Direct Labour Cost 3. Indirect Material Cost 4. Indirect Labour Cost 5.

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Choose any business idea and identify the following: 1. Direct Material Cost 2. Direct Labour Cost 3. Indirect Material Cost 4. Indirect Labour Cost 5. Other Manufacutring Overheads 6. Fixed Cost 7. Variable Cost 8. Period Cost 9. Calculate Prime Cost using hypothetical example 10. Calculate Conversion Cost using hypothetical example

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