Give an example of a product you would like to make and sell (like coffee - just pretend). What are some of the variable costs, fixed costs, mixed costs? What are some of the product costs versus period costs? What are the direct materials, direct labor, manufacturing overhead costs?

Write this out as if you were giving it to a potential business partner and then respond to your classmates as if you were that business partner.

Respond to this question with 5-7 meaningful sentences (or more - this one could be more!). Be sure you answer the question in the context of material in chapter 1. If you use outside references, please cite them.