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Managerial Accounting Assignment Answers

QUESTION ONE [25] Distinguish between the following two methods of allocating joint costs: Sales value method (5) Gross margin method (5) Analyse the purpose of preparing financial statements. (10) Describe the meaning of the term variable cost. (5) QUESTION TWO [25] A standard quantity of 2 kilograms of material BB at a standard price of R4 per kilogram is allowed for the production of one […]

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