What are the three basic manufacturing cost categories and, Project Management

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What are the three basic manufacturing cost categories and

1. What are the three basic manufacturing cost categories?

2. What are the main difference between product costs and period costs? Give examples of each.

3. What is the difference between a fixed cost and a variable cost? Give examples of each.

4. What are differential costs? Opportunity costs? Sunk costs? Be specific and give examples of each.

5) How do changes in activity affect contribution margin and net operating income?

6) Prepare and interpret a cost-volume-profit (CVP) graph.

7) What is the margin of safety and what is its significance?

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