QUESTION 1 (10 marks; 18 minutes) Classify each of the following actions as either being associated with the financial accounting information system (FAS) or the cost management information system (CMS): 1.1 Determining ways to eliminate non-value added activities and reduce costs. 1.2 Issuing a voluntary annual sustainability report on environmental, social, and 1.3 Determining the number of units needed to be sold to earn a targeted profit. 1.4 Filing a required financial report with the JSE. 1.5 Determining the cost of inspecting products. 1.6 Preparing a budget for the Maintenance Department. \$1.7 Preparing financial statements that conform to GAAP. FAS 1.8 Preparing a statement of cash flows. 1.9 Reporting a large contingent liability to current and potential shareholders. 1.10 Using a debt-equity ratio from a balance sheet to help validate the rating bonds from a public company. FAS