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1. 2. 3. What is the difference between products & services? How might that affect accounting? Is assigning costs for services as important as it is for products? If yes, why it is important? Why wouldn't current product cost accounting provide useful information for expansion into the 2 new product lines? 4. How would the pilot projects allow Blue Ribbon Baking to gather new accounting information? (Read E-book at page 33) 5. Please mention and explain 3 ways of assigning product costs? How does the income statement for a service company differ from that of a manufacturing company? 7. What's different of Functional-based management system (FBM) and Activity-based management system (ABM)? 6