Drive All changes saved in Add-ons Help BIUA 11 Arial Week 2: Business Partner Group Discussion- Cost Classification %3D No unread replies. 3. 3 replies. Your instructor will create business partner groups by Sunday of Week 1. 1. Working with your business partner(s), create a new manufacturing business, including a name and location. In your initial post, present the following information for your business: o Name of business o Type of business o Location of business o Determine a product to manufacture o Cost classification - Determine the individual costs that your business would incur related to: (1) fixed, (2) variable, (3) direct, (4) indirect, (5) manufacturing overhead, (6) period, and (7) product o Include justification of cost classifications 2. When responding to your designated group for this week, evaluate the business and the information included in their post. Consider o The completeness of the information 21 MacBook Pro The I'm !! All changes saved in Drive Help add-ons - I UA 11 Arial LOcaion or DUsiness Determine a product to manufacture Cost classification - Determine the individual costs that your business would incur related to: (1) fixed, (2) variable, (3) direct, (4) indirect, (5) manufacturing overhead, (6) period, and (7) product o Include justification of cost classifications 2. When responding to your designated group for this week, evaluate the business and the information included in their post. Consider o The completeness of the information o Questions you may have on elements presented; and o Especially think about whether the cost classifications make sense in relation to the business. o Explain your response. 3. In addition, from Thursday through Sunday, give an example of a business decision that would be helped by knowing a particular category of cost classifications, i.e. fixed/variable; direct/indirect; period/product. Explain how that cost category would be used to make that decision. 21 MacBook Pro Ial