1. Name a characteristic (from an accounting standpoint) that distinguishes product costs from period costs.

2. Name three specific Product costs and which of the three classifications (DM, DL, or MOH) in which each belongs, as an example Factory Equipment Depreciation is a product cost and it is classified as Manufacturing Overhead.

3. The author discusses three methods of separating a Mixed Cost into its Fixed and Variable components. What are the three methods?

4. In the Cost Equation - Y=a+b(x) - what does "a" represent? What does "b" represent?