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A 1. Differentiate Management Accounting and Financial Accounting (5 marks) 2. Describe the importance and Functions of Management Accounting. (5 marks) 3. What are the
A 1. Differentiate Management Accounting and Financial Accounting (5 marks) 2. Describe the importance and Functions of Management Accounting. (5 marks) 3. What are the arguments for and against variable and absorption costing. (5marks) 4. Define Activity Based Costing. Describe the steps in ABC. (6 marks) 5. Explain the benefits and limitations of ABC. (4 marks) 6. Distinguish between Traditional costing method and Activity Based Costing
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