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Explain traditional absorption costing system and marginal costing system and clarify how they differentiate from each other. (500 words -/+10%) 10 marks 2.Define and distinguish

Explain traditional absorption costing system and marginal costing system and clarify how they differentiate from each other. (500 words -/+10%)
10 marks
2.Define and distinguish the term fixed cost and variable cost .Provide examples.
5 marks
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1. Explain 'traditional absorption costing system' and 'marginal costing system and clarify how they differentiate from each other. (500 words -/+10%) Requirement C.1 = 10 marks 2. Define and distinguish the terms 'fixed costs' and 'variable costs'. Provide examples. Requirement C.2 = 5 marks

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