QUESTION 1 (i) Management accounting information is used to perform four main functions. List these functions. 2 marks (ii) Planning involves two main activities. Identify these activities. 2 marks (iii) Performance standards are used to set efficiency targets. Identify four types of performance standards as used in management accounting and explain any one of them. 3 marks (iv) Identify the steps in implementing an Activity-Based Costing (ABC) system 3 marks