an introduction to cost terms. in this discussion, we will explore cost terminology. we will discuss which costs are direct, indirect, fixed, and variable cost. it is also important to think in terms of allocating costs to costs objects. it is helpful to relate cost objects to events in your life so the meanings of these terms become clearer. tey relating these terms to things that you are familiar with such as cost of taking a trip during spring break. the cost of going on a date, the cost of a college education, and the cost of a single class. propose atleast one event and determine how you would allocate or trace the cost as well as which ones are fixed, direct, variable and indirect.