Explain and illustrate any FIVE of the following terms used in Management Accounting. Your answer should show the usage, purpose and benefit of the term.

a$)$ ?Contribution Margin

$(3$ ?marks$)$

b$)$ ?Margin of Safety

$(3$ ?marks$)$

c$)$ ?Flexible Budget

$(3$ ?marks$)$

d$)$ ?Normal Loss

$(3$ ?marks$)$

e$)$ ?Under Absorbed Overhead

$(3$ ?marks$)$

f$)$ ?Discounted Cash Flow

$(3$ ?marks$)$

List and explain $3$ ?users of accounting information and their respective interest.

$(3$ ?marks$)$

Identify and explain the characteristics of accounting information.

$(7$ ?marks$)$