Cost Classification (Assignment #1) List all the key products or items that you will need to start the business. A preliminary list is included in Table 1. You may add to this list, if necessary. One of you will serve as the accountant to perform bookkeeping services. The remaining members will hold various key positions within the actual bakery as defined by the group. Your cost drivers are provided in Table 1. Required: Classify the various costs. In order to manage these costs, you need to identify them using the information below. Use Table 2 for your answers. a) Behavior (fixed or variable) b) Traceability (direct or indirect) c) Financial reporting (product or period) d) If product cost, identify which items are direct materials, direct labor or manufacturing overhead