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QUESTION ONE (10 Marks) 1.1 Management accountants advocate that marginal costing is superior to absorption costing when assisting management with decision-making. In light of the

QUESTION ONE (10 Marks) 1.1 Management accountants advocate that marginal costing is superior to absorption costing when assisting management with decision-making.

In light of the above statement, discuss in detail the advantages of marginal costing as the basis of management reporting. (6)

1.2 Justify whether management accounting is required in non-profit organisations. (4)

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