1. Distinguish between Traceable Cost and common Cost and give examples of each. 2. What is a static budget and how it different from Flexible Budget? 3. What is balanced scorecard? 4. How does opportunity cost enter into the make or buy decision? 5. What do you mean by Activity based costing and Activity cost pool? 6. Discuss some of the major benefits to be gained from budgeting. 7. Muscat Computer Repair Co., assembles computers from components supplied by various manufacturers. The company is very small and its assembly shop and retail sales store are housed in Ghala and in Seeb. You are a cost consultant in the company and required to explain to your employees any two types of Quality cost with examples. 8. You are a cost consultant and is required to give an example for Unit level, Batch level, product level and organization sustaining to your employees of Salalah Methnol Co.