1. What are the basic elements a management accounting and who uses the information?
2. Explain the benefits of CVP and ethical issues.
3. What are the differences between job costing and process costing?
4. Explain how a management accountant would identify overhead cost
   1. How easy is to the measure a cost driver?
   2. That is the major factor that causes manufacturing overhead costs to be incurred for this plant, department or activity
   3. To what extent does the overhead cost vary in proportion with cost driver in your worked example?
   4. Provide a worked example

5. Explain the difference between theoretical capacity and practical capacity when estimating the denominator volume. Discuss how the choice of capacity affects the overhead rate