Please type the answer. No handwriting. Please solve all parts as its 1 question,

c) a) What is CVP analysis? What are the underlying assumptions? b) Describe the Incremental Analysis Approach we learned about in 288. List and describe the three types of cost which are considered in incremental analysis. What are the components of a master budget? What is the purpose of each component, and how are they used? d) What is budgetary control? How does it work? e) Describe and differentiate: Static budgets vs flexible budgets. f) Distinguish between standard costing and budgeting. g) What is ABC, and why do we do it? What are the four levels of cost drivers? What value or impact is there from it? When is it not needed or appropriate