Questions-

1. Explain how you would analyze cost information within a business.

2. Explain what methods you would use to reduce costs and enhance value within a business.

3. Demonstrate and explain how you would prepare forecasts and budgets for a business.

4. Demonstrate how you would monitor performance against budgets within a business

Additional information-

These questions belongs to Accounting, particularly Management accounting and it deals with cost of the product or service, which includes a combination of both fixed and variable costs. Methods of reducing cost of production, budgeting and forecasting costs and monitoring costs and performance have been answered in the solution.

Word limit- 2000.