Question: Assignment Details Costs can be categorized in various ways, including the following: Fixed versus variable costs Relevant versus irrelevant costs Direct versus indirect Discuss the

Assignment Details

Costs can be categorized in various ways, including the following:

  • Fixed versus variable costs
  • Relevant versus irrelevant costs
  • Direct versus indirect

Discuss the following in your main Discussion Board post:

  • Why is it important for a company to know the categorization of each cost?
  • Provide an example of each of the cost categorizations above.
  • Why is it important to compare actual cost and budgeted cost?

Please include references and resources

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