Part B 1) Describe the two functions of management that

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