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Statement A: Costs may be classified in a number of ways including classification by behaviour, by function, by expense type, by controllability, and by relevance.
Statement A:
Costs may be classified in a number of ways including classification by behaviour, by function, by expense type, by controllability, and by relevance.
Statement B:
Management accounting should assist in EACH of the planning, control and decision making purposes within an organisation.
Required:
Discuss the ways in which relationships between statement (A) and statement (B) are relevant in the design of an effective management accounting system.
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