Part B 1) Describe the two functions of management that budgeting fulfils. 2) What is difference between Management Accounting and Financial

Part B

1) Describe the two functions of management that budgeting fulfils.

2) What is difference between Management Accounting and Financial Accounting?

3) Describe the benefits of Budgetary Control.

4) Explainthedifference,ifany,betweenCostAccountingandManagementAccounting.

5) How will increases in production affect the variable and the fixed overhead in the cost

per unit?

6) What is "Mark-up"? Provide an example.

7) State if the following statements below are True/ False:

 True/ False