Q3... Critically analyze the differences between the Account Analysis Method and the Two-Point Method of estimating a cost function. Provide suitable examples for each method by assuming the values of your own.

Q4. Referring to the concept of job costing in the manufacturing sector, identify how you will record the following journal entries:

a) When raw materials are received.

b) When raw materials are sent to the factory floor.

c) When labor costs are incurred.

d) When a job is completed.

e) When a job is shipped to a customer.

Note: You must assume significant values for each transaction of your own and prepare the journal entries for each case.