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Q.1 a. State the three most important needs for cost accounting? Also elaborate its objectives in detail. b. Define economic order costing (EOQ). Also differentiate

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Q.1 a. State the three most important needs for cost accounting? Also elaborate its objectives in detail. b. Define economic order costing (EOQ). Also differentiate between marginal costing and differential costing? c. What is the difference between value added and non-value added cost? Give an example of each

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