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Identify and briefly explain a cost object that is relevant in your life (the item, not the dollar amount). Write down one specific direct cost
Identify and briefly explain a cost object that is relevant in your life (the item, not the dollar amount). Write down one specific direct cost of that cost object and one specific indirect cost of that cost object (the names and/or explanations of the costs, not the dollar amounts). If you cannot think of an indirect cost, then you can write down a second specific direct cost. Classify the two costs you identified as variable, fixed, or mixed and explain why you made the choice you did for each one.
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