Explain the three guidelines that help management accountants provide the most value to managers

1. The assignment has two Parts. Part A is worth 8 marks and part B is worth 12 marks. Total marks for this assignment task is 20. 2. Write your answer clearly, use numbered headings or sub-headings to show which part of your answer refers to which question. Example: Part A - Question 1. 3. This assessment task will be assessed using the following assessment criteria: a. Communication: Theoretical answers contains an effective summation, free from grammatical and spelling errors and not a copy and paste from the textbook or study material provided. b. Calculations: Accurate calculations and in the prescribed format. Please note there are not specific number of words required for this assignment, as long as the answers satisfied or exceed the expectations. I reckon it'd be something around 500 words, but please make sure the answers are high quality, if necessary to add more, I'd be happy to pay the difference. Attached Assignment the instructions, please ignore the information related to cover sheet as I will prepare it myself as per the professor instructions.Part A (8 Marks) Question 1: Explain the three guidelines that help management accountants provide the most value to managers. (3 Marks) Question 2: Define the following: direct material costs, direct manufacturing-labour costs, manufacturing over-head costs, prime costs, and conversion costs. (5 Marks)