Question: Question 4 A. Based on your accounting knowledge, differentiate the term cost accounting from financial accounting. (3 Marks) B. Distinguish between, and provide an

Question 4 A. Based on your accounting knowledge, differentiate the term cost

Question 4 A. Based on your accounting knowledge, differentiate the term cost accounting from financial accounting. (3 Marks) B. Distinguish between, and provide an illustration of: i. Job costing and process costing. ii. Avoidable and unavoidable costs iii. Cost Centre and unit cost iv. Production cost Centre and service cost Centre (4 marks each) (16 marks) C. Describe the three purposes for which cost information is required (6 marks) END OF ASSIGNMENT (Total 25 Marks)

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