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Distinguish between fixed and variable costs

Please assist with the given questions. Give at least 100 words.

Consider your own company, or the company of your choice, and name at least 5 direct and 5 indirect costs that this company has. For each one, also determine and state whether it is a fixed or variable cost. Why is it important for a company to distinguish between direct and indirect costs? Why is it important for a company to distinguish between fixed and variable costs?

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