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Provide a detailed explanation with examples for the following terms: a) Direct Cost (3 marks) b) Indirect Cost (3 marks) c) Prime Cost (3 marks)

Provide a detailed explanation with examples for the following terms:

a) Direct Cost (3 marks)

b) Indirect Cost (3 marks)

c) Prime Cost (3 marks)

d) Conversion Cost (3 marks)

e) Product Cost (3 marks)

reference needed

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