In this discussion, we will explore cost terminology. We will discuss which costs are direct, indirect, fixed, and variable. It is also important to think in terms of allocating costs to cost objects. It is helpful to relate costs objects to events in your life so the meanings of these terms become clearer. Try relating these terms to things that you are familiar with such as the cost of taking a trip during spring break, the cost of going out on a date, the cost of a college education, and the cost of a single class. Propose at least one event and determine how you would allocate or trace the cost as well as which ones are fixed, variable, direct, and indirect Participation in this discussion provides you with the opportunity to use concepts and terminology learned in this Module while exchanging information with peers and your professor. Evaluation Guidelines: Your initial response should be 100-200 words in length, reflecting on the discussion question above. Reply to at least one classmates' posts. Your response to your classmate's discussion should be around 50 words (each) and add to the discussion (ie. reflecting on their response, asking questions, etc.). Grading rubrics: Timeliness of response 5 points; Content of initial post: 15 points (based on completeness and breadth and depth of the response); Second post: 5 points (based on providing feedback on the other student's response.