Consider your own company, or the company of your choice, and name at least 5 direct and 5 indirect costs that this company has.

Please help with the following questions. Provide at least 100 words.

Consider your own company, or the company of your choice, and name at least 5 direct and 5 indirect costs that this company has. For each one, also determine and state whether it is a fixed or variable cost. Why is it important for a company to distinguish between direct and indirect costs? Why is it important for a company to distinguish between fixed and variable costs?

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...etween fixed and variable costs?

Dear student,

Direct costs are those costs which can be directly identified with the production units. Direct costs are costs which can be traced directly to a cost object such a product or department. The indirect costs are those costs which cannot be directly identified with the production .
1. Rent of the ...