Conceptual Questions of Management Accounting

Q1 Discuss the role of management accountants within organisations.

Q2 Explain, when estimating overhead costs, why an organisation would choose to use managerial judgement instead of the high-low method.

Q3 Identify and discuss ONE (1) pricing strategy that a firm could use.

Q4 Explain the difference between the direct method and the reciprocal method for allocating support department costs.

Q5 Discuss the environmental, social and economic impacts associated with life cycle analysis for ONE (1) of the products made by Kilmarnock Enterprises.