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Suppose after graduating from Bahrain Training Institute, you applied for a post of accounting clerk in a local manufacturing company and you were asked to answer the following questions in a written test. Question 1 (This question provides evidence for CILO 1) (25 Marks) 1.1 Explain how cost accounting plays a major role in determining the selling price of a product or service. (5 marks) 1 2 Differentiate between cost accounting and financial accounting (6 marks) Details Cost Accounting Financial Accounting Users Purposes Types of information