PURPOSES: The purposes of this assignment are to assess and enhance a learner's ability to: 1. discuss the concept of costs and its relevant reporting for a merchandising company; and 2. discuss importance of cost-volume-profit analysis and show relevant calculations for decision making purposes. REQUIREMENT: Answer all the questions and show your detailed workings clearly. QUESTION 1 [CLO3) Moodah is a sales manager of Menang Grocers which operates a hypermarket in Pekan Menanti. a) Explain how management accounting is different from financial accounting. (10 marks) b) Discuss how management accounting information can assist Moodah to make decisions in her daily operation (10 marks) (Sub total: 20 marks)