In a 4-5 page paper, please include the following:

• Explain the different types of costs (variable, fixed, sunk, opportunity, direct, indirect).
• Give 1-2 examples of each type of cost and explain how these costs will be applied during the manufacturing process.

• Conclude your paper by describing the importance of these costs in managerial accounting.
• Be sure that the paper has no spelling or grammatical errors.

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