Question A

Write a report based on the following aspects:

The discussion should be based on four published references (book or journal article).

1. The introduction of standard costing system.

2. The description on the importance of standard costing system as a management and cost control tool.

3. The implication of standard costing system in evaluating performance of an organisation.

4. Summary of the assignment.

5. List of references.

Question B

1. Describe the importance of cost-volume-profit analysis.

2. Discuss how this analysis will assist the sales manager in making decisions.