Question: Question 2 (10 marks) There are many differences between financial and managerial accounting. Identify and explain at least three of these differences. Question 3 (10

Question 2 (10 marks) There are many differences between financial and managerial accounting. Identify and explain at least three of these differences. Question 3 (10 marks) Explain how a service firm, such as an advertising agency, might use job order costing. Question 4 (10 marks) How do companies decide what allocation bases to use to allocate indirect costs to departments? Question 5 (10 marks) Why would a firm use activity-based costing (ABC) rather than traditional two-stage methods of cost allocation for overhead

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