Costing methods and various performance measurement techniques are important in assessing performance evaluation, enhancing planning, controlling and decision-making marking in organisations. Performance measurement is used to evaluate the performance of parts of the business or the business as a whole and the Individual managers. Many costing methods and performance measurement techniques always need to be explained to non-accounting professionals. As an accounting student, your knowledge of these subject matter areas is critical to your performance in your organisation. Required: Following your review of management accounting literature, you are required to: Produce a report on the following management accounting discursive areas: Task 1: Discuss, with examples, the relevance of Activity-based costing (ABC) and through-out accounting in modern manufacturing environments and how the two contemporary costing methods differ from traditional costing absorption methods Task 2: Evaluate the role of balance scorecard and transfer pricing system, in assessing and improving organisational performance. Task 3: discuss the role of budgeting in management accounting. Provide practical examples of different types of budgets and their uses in organisation