Assignment:
Question 1. In a 4 to 5 page paper, please include the following:
- Explain the different types of costs (variable, fixed, sunk, opportunity, direct, indirect).
- Give 1-2 examples of each type of cost and explain how these costs will be applied during the manufacturing process.
- Conclude your paper by describing the importance of these costs in managerial accounting.
Be sure that the paper has no spelling or grammatical errors.