question one (a) Explain the nature of management and state its purpose t (b) List four differences between financial and management accounting (c) Define cost and explain the elements oi cost. Give one example for each cost element. (d) What is a cost unit? Give five examples of cost units fe) What you understand by cost object? G ive two examples of cost object. (3 rmarks) 3 marks), (3 marks (3 marks) 3 marks) t) Why is material costing important in management accounting? (274 marks) (e) Why is labour costing important in management accounting 12% marks Total 20 marks)