1. Provide an example of each of the following: indirect controllable cost, direct controllable cost, indirect uncontrollable cost, direct uncontrollable cost.
2. Provide at least two advantages and two disadvantages of standard costing.
3. Provide at least one example of how ABC can be applied to service industry organizations.
4. Briefly explain the rationale behind the balanced scoreboard concepts.
5. Provide at least two advantages and two disadvantages of standard costing.
6. Provide at least two similarities and two differences between job order and process costing.
7. Describe how to differentiate between relevant costs and irrelevant costs. Provide examples of each.