• The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
• All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
• Submissions without this cover page will NOT be accepted.

Assignment Question(s): (Marks 10)
Q1. In your own words, define the following concepts and provide sufficient examples for each:
1. Biases:
2. Period costs vs. Product costs:
3. Incremental cash flows:
4. Balanced Scorecard:
5. Cost Accounting:
6. Organizational strategies:
7. Overhead costs:
8. Cost drivers:
9. Relevant range:
10. High-Low Method of Estimating a Cost Function:

Answer: