A. The limitations of the Traditional Costing System is believed to have been resolved by the introduction of Activity Bases Costing; Briefly: (i) State the merits of the ABC system (ii) Explain the limitations of the Traditional Costing System B. For the purpose of Control, responsibility centers may be grouped into three; (i) Cost Center (ii) Profit Center (iii)Investment Center Required: Briefly explain these concepts and state how divisional managers could be evaluated under each concept. C. Discuss the following terms as they relate to Cost - Volume - Profit (CVP) analysis (i) Relevant Range (ii) Contribution (iii)Break - even Point (iv) Margin of Safety D. Describe the role of the Management Accountant in a manufacturing organization.

A. The limitations of the Traditional Costing System is believed to have been resolved by the introduction of Activity Bases Costing; Briefly: (i) State the merits of the ABC system (ii) Explain the limitations of the Traditional Costing System B. For the purpose of Control, responsibility centers may be grouped into three; (i) Cost Center (ii) Profit Center (iii)Investment Center Required: Briefly explain these concepts and state how divisional managers could be evaluated under each concept. C. Discuss the following terms as they relate to Cost - Volume - Profit (CVP) analysis (i) Relevant Range (ii) Contribution (iii)Break - even Point (iv) Margin of Safety D. Describe the role of the Management Accountant in a manufacturing organization