Question:

1. Explain the differences between management accounting and financial accounting from the aspects of users and details of the information.

2. The following information is related to Syarikat Pancing Emas for the month of December 2007.

Particulars RM
Direct material Cost 31,590
Conversion Cost 62,540
Direct Labour Cost 24,700


_base_d on above information, calculate:

a) Manufacturing overhead cost
b) prime cost