Assigtnment
This assignment has 3 parts:
Costs can be categorized in the following ways:
• Actual vs. budgeted cost
• Full cost vs. direct cost
• Fixed vs. variable vs. mixed costs
• Relevant vs. irrelevant costs
• Product vs. period
• Direct vs. indirect
Discuss the following questions:
1. Why is it important for a company to know the categorization of each cost?
2. How can this information be used in decision making?
3. Provide an example of each of the cost categorizations above.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.