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An investor would like to invest in orange juice production and he would like to know how much it will cost to produce a box of orange juice. He has shared a YOUTUBE clip of another orange juice production company to help with this activity. https://www.youtube.com/watch?v=T8KJGtMGMSY REQUIRED: From the clip and do the following: - a. Define and identify the cost object b. Identify and discuss all cost elements of orange juice production c. From (b) above, classify all elements of cost into direct and indirect cost and justify your answer. For example, Testers testing the quality of orange juice are direct labours because they are directly involved in the ensuring the quality of orange juice. d. Which product-costing system best describe orange juice production, justify your answer.
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