answer all the questions
1. The concept of Cost and its control is of vital importance in Management Accounting. Describe the main methods employed in the classification of costs, comparing the advantages and uses of each classification method.
2. Discuss the different types of cost associated with inventory, and the methods that can be applied to control these costs
3. Discuss the main differences between Absorption Costing and Marginal Costing. Your discussion should include consideration of the arguments made in favour of either system.
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