Question: QUESTION Part A 5 Marks A friend who has not yet taken the Cost & Management Accounting course made the following statement: Costs allocations are

QUESTION

Part A 5 Marks A friend who has not yet taken the Cost & Management Accounting course made the following statement: Costs allocations are a waste of time and energy. Explain why management accounting deals with cost allocations. Discuss the strategic role that cost allocations perform. Give examples, whenever feasible to support your arguments. Please limit your answer to a maximum of one-half page.

Part B Explain the operational process that focuses on Time as a competitive tool (a driver of strategy). Provide at least one relevant example to illustrate your explanations. Please limit your answer to a maximum of one-half page.

Part C Identify and explain the important features (process, benefits, etc.) of Just-in-time (Lean) Production. Provide at least one pertinent example to illustrate your explanations. Please limit your answer to a maximum of one-half page.

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