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  3. (3) 10 marks a) what is one costing concept that y

(3) 10 marks a) What is one costing concept that you find most relevant for...

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Accounting

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(3) 10 marks a) What is one costing concept that you find most relevant for application in real life. Base you answer on some example. (4 marks) b) Explain how the two alternative cost structures will affect the firms profits in 2 scenarios (6 marks): Scenario A: Growing sales Scenario 2: Declining sales Sales Direct costs Fixed overheads Profit Cost structure 1 100 30 50 20 Cost structure 2 100 50 30 20

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