4. Estimate product cost for a new line of shoes 5. Plan the budget for next quarter.... . . 6 Measure profitability of an 7. Prepare financial reports according to GAAP ....._. 8 Determine location and size for a new plant Listed here are product costs for the production of soccer balls. Classify each cost (a) as either variable cer fixed and (b) as either direct or indirect. What patterns do you see regarding the relation between cost classified in these two ways? Cost c 30 MONDAY