Q1. Assume yourself to be a cost manager of SABIC industries and you are tin the task of cost classifications for predicting cost behavior. Explain any three (3) approaches (with examples), you would apply in in predicting or estimating the future cost of the organization. (3 MARKS)
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Q3
b. Some scientists’ belief that costs of implementing an ABC system may outweigh the benefits. However, there are reasons justifying costs. List 4 reasons. (2 MARKS)
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Q4. Explain Equivalent Units of Production and its computation using weighted average method and FIFO method. (2 MARKS)
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