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ANSWER THE FOLLOWING QUESTIONS a)Outline the stages involved in target costing (4 marks) b)Highlight five advantages of activity based costing (5 marks) c)Describe the four

ANSWER THE FOLLOWING QUESTIONS

a)Outline the stages involved in target costing (4 marks)

b)Highlight five advantages of activity based costing (5 marks)

c)Describe the four perspectives of balanced score card (12 marks)

d)Describe the following two elements ofstrategic cost management

(i.)Strategic positioning(5 marks)

(ii.)Cost driver analysis(4 marks)

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