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Question 1 Provide any 4 issues that a manager must consider in implementing an activity-based costing system. Question 2 Discuss the advantages of having budgets as a primary management control tool. Question 3 Explain why sales-volume variance could be helpful to managers. Question 4 Statistical analysis is useful to the management accountant when performing any cost analysis. Explain the different types of statistical analysis listed below. (i) Regression analysis (ii) Simple regression analysis Multiple regression Question 5 (a) The need for managers to be in touch with the bottom line makes it necessary for them to understand the relationship between profit and volume. Compare the term "contribution margin" against "gross margin". (b) Differentiate between "cost driver" and "revenue driver".