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Short answer questions A. Differentiate between Functional based Costing and Activity based costing B. What are the weaknesses of Functional based costing ? C. Give

Short answer questions A. Differentiate between Functional based Costing and Activity based costing B. What are the weaknesses of Functional based costing ? C. Give two examples of unit level drivers and two examples of non-unit level drivers and give a brief explanation for each. D. Mention three assumptions of CVP analysis E. Explain what the following measures indicate to the managers: 1. Margin of Safety 2. Degree of Operating Leverage

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