Describe general managerial cost concepts and how each is useful in classifying costs. Be prepared to provide examples of each. (and how each response to changes in activity level in total and per unit). 

Fixed- Variable Mixed Costs 

Direct versus Indirect Costs 

Product versus Period Costs (also explain how each impacts the financial statements) 

Prime versus Conversion Costs 

Name the 3 primary components that make up total Product Costs. 

Define and provide examples of manufacturing overhead.