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Describe the differences between variable and fixed

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Reference no: EM132859934 , Length: Word count: 350

Eddison Electric Company (EEC) provides electricity for several states in the United States. You have been employed as a cost accountant at this organization. As EEC's corporate business cost accountant, you will need to have a clear understanding of the different types of costs (variable, fixed, mixed, direct materials, direct labor, and overhead) that the company carries.

Question 1: Describe the differences between variable, fixed, and mixed costs, and list an example of each.

Question 2: Describe the differences between direct labor, direct material, manufacturing overhead, and nonmanufacturing costs, and list an example of each.

Reference no: EM132859934

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