Explain the meaning of cost objects, direct cOsts, and indirect costs. Describe the difference between a fixed cost and variable costs.

Week 2 Assignment

Read the Chapter 2 of your Cornerstones of managerial Accounting 6th ed. and write a 700 word essay that covers the following:

Explain the meaning of cost objects, direct cOsts, and indirect costs (provide example).

Describe the difference between a fixed cost and variable costs (provide example).

Explain the role of direct materials, direct labor, and manufacturing overhead in a company.

Describe the role of period, selling, and administrative costs.

 

Explain the meaning of cost objects, direct cOsts, and indirect costs. Describe the difference between a fixed cost and variable costs.
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