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Question 1 (25 marks)IWord count 250-400 Your group is required to choose an organization of...

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Accounting

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Question 1 (25 marks)IWord count 250-400 Your group is required to choose an organization of your choice (preferably you may choose a food outlet in Lakeside campus) and carry out the following task: (0) Define the meaning of the term 'cost objects' and provide three examples of cost objects in your chosen organization. (5 marks) ()Identify the cost expenses present in each of the cost object identified in part (i) above. (10 marks) Present your answer in a tabular format). (ii) Explain the meaning of each of the following terms and provide two (2) examples of costs for each of the four categories of cost behavior which is present in the chosen organisation: Variable Costs, Fixed costs, semi-fixed costs and semi-variable costs. (10 marks) For Question I, provide some photos evidence (2-3 pictures) of your chosen organization. Question 1 will not be marked if there is no photo evidence attached). 2019 $3.000

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