Question 1 a) Explain what a "supply chain" is. [5 marks] b) Explain why practioneers of supply chain management need to understand management accounting. [5 marks) Question 2 Differentiate between "account analysis method" and "quantitative analysis method" when analysing costs. [10 marks] Question 3 Activity-based costing system may not be beneficial to all business segments. Provide the situation whereby ABC may yield maximum benefit when implemented. [10 marks] Question 4 Differentiate between the mechanisms of an actual costing" budgetary system against a normal costing" budgetary system. [10 marks] Question 5 Explain why the Malaysian Financial Reporting Standards and Inland Revenue Board of Malaysia require an entity to use absorption costing for external reporting purpose instead of other methods of costing. [10 marks) Question 6 a) Perniagaan Bressler sells its products for RM33 each. The current production level is 50,000 units, although only 40,000 units are anticipated to be sold. Unit manufacturing costs are: Direct materials RM6.00 Direct manufacturing labor RM9.00 Variable manufacturing costs RM4.50 Total fixed manufacturing costs RM 180,000 Marketing expenses RM3.00 per unit, plus RM60,000 per year Required: (1) Prepare an income statement using absorption costing. [10 marks] (ii) Prepare an income statement using variable costing. [10 marks] b) Cell Corporation manufactures and sells laptop computers and uses standard costing. For the month of September there was no beginning inventory, there were 3,000 units produced and 2,500 units sold. The manufacturing variable cost per unit is RM385 and the variable operating cost per unit was RM312.50. The fixed manufacturing cost is RM450,000 and the fixed operating cost is RM75,000. The selling price per unit is RM925. Required: Prepare the income statement for Cell Corporation for September under variable costing. [18 marks] c) Your accountant gathered data on overhead costs and direct labour-hours over the past 12 months. Discuss the different approaches an accountant can use to estimate a cost function for overhead costs using direct labour-hours as the cost driver. [12 marks]