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Suppose that you want to apply for an accounting assistant post at an international manufacturing company. You need to check your knowledge and understanding about

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Suppose that you want to apply for an accounting assistant post at an international manufacturing company. You need to check your knowledge and understanding about relevant cost accounting concepts and your capability in dealing with various cost accounting issues. Question 1 (This question provides evidence for CILO 12-/25 Marks) All types of business entities - no matter their size or nature - require cost accounting to track their activities. 1.1 State at least six (6) uses of cost accounting in business entities. (-.--/3 marks) 1.2 Explain the close relationship between cost accounting and management accounting by discussing purposes, type of information and users. (----/6 marks) 1.3 Explain the following types of Expenses with examples. (----/6 marks) a. Prime costs: b. Administration overheads: c. Factory overheads

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