answer two questions. 500 words in length
1. In a well-developed essay, explain the five types of cost behavior. In what way do they relate to one another? Explain each of them in detail, and provide examples of each one.
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2. Administrative costs have a tendency to vary from year to year; this is known as variable cost. Managers must have a good understanding of the difference between variable and fixed costs. Based on your understanding of the course material, write a well-developed essay explaining the differences between variable costs and fixed. Provide evidence and examples of each.
