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Q1 Briefly discuss how variance analysis relates to costing system integrity. Q2 List two (2) examples of best practices in budget preparation and explain how

Q1 Briefly discuss how variance analysis relates to costing system integrity.

Q2 List two (2) examples of best practices in budget preparation and explain how their implementation helps business organisations.

Q3 Give definition for the following:

Direct costing
Activity-based costing
Process costing
Operation costing

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