Explain the meaning of cost objects, direct cOsts, and indirect costs (provide example). Describe the difference between a fixed cost and variable costs (provide example). Explain the role of direct materials, direct labor, and manufacturing overhead in a company.

Week 2 Assignment

Read the Chapter 2 of your Cornerstones of managerial Accounting 6th ed. and write a 700 word essay that covers the following:

• Explain the meaning of cost objects, direct cOsts, and indirect costs (provide example).
• Describe the difference between a fixed cost and variable costs (provide example).
• Explain the role of direct materials, direct labor, and manufacturing overhead in a company.
• Describe the role of period, selling, and administrative costs.