Question 2:

Assume, Mr. Ali, one of your friends completed his graduation in Engineering and wanted to start a small manufacturing company near Salalah, and he intends to get some idea on the cost enunciated hereunder:

i) Classification of cost on the basis of Controllability, and

ii) Classification of cost on the basis of Variability.

Being the accounting specialization student how will you explain him about classification of cost? Explain along with suitable examples.

(, Word Limit 250-350