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.