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