• Describe the concept of cost behavior and the differences between fixed, variable, and mixed costs.
• Differentiate product costs from period costs and direct costs from indirect costs.
• Compare the different types of income statements and the purposes of each.
• Please explain to the best of your knowledge one or more of the following:
• 1-Product Cost .
• 2-Period Cost..
• 3-Opportunity Cost
• 4-Sunk Cost
• 5-Shut -down Costs
• 6-Applied manufacturing overhead.