Reference no: EM131536307

Question: 1. (1) Identify each of the five cost classifications discussed in the chapter.

(2) List two purposes of identifying these separate cost classifications.

2. Visit your favorite fast-food restaurant. Observe its business operations.

Required :1. Describe all business activities from the time a customer arrives to the time that customer departs.

2. List all costs you can identify with the separate activities described in part 1.

3. Classify each cost from part 2 as fixed or variable, and explain your classification.