Since its introduction more than three decades ago, the concept of activity-based costing (ABC) has exerted a considerable influence on the field of management accounting, and it is often considered to be one of the most dominant management accounting innovations (MAIs). ABC has been widely discussed in the accounting literature. It has come to occupy a central position in accounting textbooks and encyclopaedias, and it is frequently listed in handbooks on key management concepts and ideas.

As a manager in an organisation, analyse the following with examples: a) Activity-based Costing and its process (7 marks) b) Just-in-time Concept (7 marks) c) Continuous Improvement and Quality Management (Kaizen) (6 marks)