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Theory 10 MARKS 1. Distinguish between a traditional income statement and a CVP income statement. 5 Marks 2. Define Mixed Costs, using a simple

Theory 10 MARKS 1. Distinguish between a traditional income statement and a CVP income statement. 5 Marks 2. Define Mixed Costs, using a simple graphical representation if desired. Identify the steps involved in the High Low Method that allows for the determination of the components of a Mixed Cost. 5 Marks

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