Prepare a 1-page discussion paper discussing the differences between the two methods and how costs are characterized in each method. What is your preference and why?

Discussion paper

Managers must understand how costs are classified, how changes in volume affect costs and how changes in prices affect volume. In general, costs are classified as fixed, variable, and mixed.

Prepare a 1-page discussion paper discussing the differences between the two methods and how costs are characterized in each method. What is your preference and why?