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Question 2 Costs can be classified as controllable and uncontrollable. Required: (a) Define controllable and uncontrollable costs and explain the importance of classifying costs in

Question 2

Costs can be classified as controllable and uncontrollable.

Required:

(a) Define controllable and uncontrollable costs and explain the importance of classifying costs in this manner. (4 marks)

(b) In the context of the company that you have just selected, provide one (1) example of each. Explain the rationale for your choice of examples. (6 marks)

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