All research should be referenced, using the Harvard referencing protocols.

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The mark allocation is an indication of the weight and the length of the question.

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The responses must be your own work. Plagiarism is a form of academic dishonesty and will not be tolerated.

Format:

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Ariel $11$

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$1\mathrm{.}5$ spacing

Question $1$: Managerial Accounting Concepts $(20$ Marks$)$

$($a$)$

Explain the purpose and role of managerial accounting in business decision$-$making. Provide examples of how it differs from financial accounting. $(10$ marks$)$

$($b$)$ Discuss the importance of cost behaviour analysis in managerial accounting. Use examples to illustrate fixed, variable, and mixed costs. $(10$ marks$)$

Question $2$: Budgeting and Control $(20$ Marks$)$

$($a$)$ Outline the budgeting process and its significance in achieving organizational objectives. $(8$ marks$)$

$($b$)$ Using a hypothetical example, describe how variances between budgeted and actual performance can be analyzed to improve future decision$-$making. $(12$ marks$)$

Question $3$: Cost Data for Decision$-$Making $(15$ Marks$)$

$($a$)$ Explain the concept of contribution margin and its role in break$-$even analysis. $(7$ marks$)$

$($b$)$ Analyze how cost$-$volume$-$profit $($CVP$)$ analysis can aid a company in setting sales targets and pricing decisions. Use numerical examples for clarity. $(8$ marks$)$

Question $4$: Financial Statements and Standard Costing $(15$ Marks$)$

$($a$)$ Describe the relationship between standard costing and variance analysis. How can this relationship help in controlling business costs? $(8$ marks$)$

$($b$)$ Discuss how the preparation of financial statements supports internal managerial decisions. Highlight the differences between financial and managerial accounting in this context. $(7$ marks$)$