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Part II: Short Answer. Direction: Answer the below questions in your own words. Question 1: Explain the difference between Variable and Absorption Costing. (2 Marks)

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Part II: Short Answer. Direction: Answer the below questions in your own words. Question 1: Explain the difference between Variable and Absorption Costing. (2 Marks) Question 2: Clarify why is it important for a company to measure its Operating Leverage. (2 Marks)

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