business accounting

Question 3 (a) Explain any TWO (2) differences between management accounting and financial accounting. (5 marks) (b) Several costs are listed below. Cost Description Cost Object 1. Supervisor's wages in a computer A particular personal manufacturing facility computer 2. Salary of the president of a home A particular home construction company 3. Cost of tongue depressors used in an The outpatient clinic outpatient clinic at a hospital 4. Cost of lubrication oil used at the auto repair The auto repair shop shop of an automobile dealer 5. Manager's salary at a hotel run by a chain of The particular hotel hotels 6. Cost of screws used to secure wood trim in a | A particular yacht yacht at a yacht manufacturer 7 . Accounting professor's salary The Accounting Department 8 Cost of a measles vaccine administered at an A particular patient outpatient clinic at a hospital 9. Cost of electronic navigation system A particular yacht installed in a yacht at a yacht manufacturer 10. Wood used to build a home A particular home Required: For each item above, indicate whether the cost is direct or indirect with respect to the cost object listed next to it. In your answer you only indicate the no. and whether it is direct or indirect. Eg. 1. Direct cost. (10 marks)