MANAGEMENT ACCOUNTING ACCOUNTING 8 8 Management Accounting Student Name University Name Answer to 1b 3 Answer to 4B: Purpose and usefulness of Variance Analysis 4 Introduction 4 Discussion on Purpose and usefulness of Variance Analysis 4 Conclusion 5 Question 5 A 6 Calculation of budget 6 Question 5B 6 References 8 Answer to 1b Relationship between Management Accounting and history Roman Coliseum can be considered as one of the ancient Amphitheatre build in Rome in 70–80 AD. The elements of activity based costing are as follows