Question: In this unit, you learned about various cost classifications. Understanding how these changealong with changes in the volume of activity helps management to make decisions.

In this unit, you learned about various cost classifications. Understanding how these changealong with changes in the volume of activity helps management to make decisions. You have looked at these concepts in the context of the manufacturing environment. These same concepts are also applicable to the service industry.

Respond to the following:

How can these same principles work for both manufacturing and service businesses?
How did you arrive at your conclusion? Provide an example.

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