(a) Explain and give examples where appropriate, how costs may behave in response to changes in the level of a business's activity. (b) Describe the...
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(a) (b) (c) (ii) Where sales levels exceed production levels;(iii) Where sales levels equal production levels.

  1. Explain and give examples where appropriate, how costs may behave in response to changes in the level of a business's activity.
  2. Describe the basis of an absorption costing and a marginal costing system; 
  3. Explain the effect on profit of using each system described in part (b) above, in each of the following scenarios:(i) Where production levels exceed sales levels;

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