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Discussion Questions: In reference to cost accounting Q1: What does IMA stand for and explain two of its many functions (2 sentences maximum). Q2: How

Discussion Questions:

In reference to cost accounting

Q1: What does IMA stand for and explain two of its many functions (2 sentences maximum).

Q2: How does management decide whether a cost is direct or indirect? Give an example of a cost object. (Three sentences maximum.)

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