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Managrial Accounting

Task $2(4\mathrm{.}5$ marks: $1\mathrm{.}5$ marks for each requirement$)$

A cost$-$benefit analysis is a process used to measure the benefits of a decision or action minus its associated costs to determine whether it is worthwhile. Provide a case study by Applying the cost$-$benefit analysis to help managers make decisions.

Cost classification is a helpful technique for managers and decision$-$makers to understand the behavior and impact of various categories of costs on their firm. Provide a case study to illustrate how costs are changed based on volume change.

Total and average cost is an important tool that helps managers to plan for future budgets. Provide a case study by illustrating how we can apply the total and average cost to help managers budget for production.

Task $2(4\mathrm{.}5$ marks: $1\mathrm{.}5$ marks for each requirement$)$

A cost$-$benefit analysis is a process used to measure the benefits of a decision or action minus its associated costs to determine whether it is worthwhile. Provide a case study by Applying the cost$-$benefit analysis to help managers make decisions.

Cost classification is a helpful technique for managers and decision$-$makers to understand the behavior and impact of various categories of costs on their firm. Provide a case study to illustrate how costs are changed based on volume change.

Total and average cost is an important tool that helps managers to plan for future budgets. Provide a case study by illustrating how we can apply the total and average cost to help managers budget for production.

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