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a) Write short note -
1) P V Ratio
2) Margin of Safety
3) Material Variances
4) Absorption Costing
b) Describe the meaning of the term 'variance analysis'. What is its significance in controlling and monitoring costs?
Sunk Cost This is a cost which has already been incurred and cannot be affected through present or future decisions.
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What is the explanation for leaset cost selection
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pv ratio explaination, margin of safety
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