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Q1. The management of a company uses various costs based on the nature of process of production or the form of services they provide. So

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Q1. The management of a company uses various costs based on the nature of process of production or the form of services they provide. So it is obvious that the costs used in business are classified in various ways. To prove this, select any five classification of costs used on the basis of managerial decision making process with suitable examples in detail

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