managerial accounting is concerned with providing information to managers within an organization so that they can formulate plans, control operations, and make decisions. In these contexts, costs are classified in diverse ways that enable managers to predict future costs, to compare actual costs to budgeted costs, to assign costs to segments of the business (such as product lines, geographic regions, and distribution channels), and to properly contrast the costs associated with competing alternatives. Required Identify the different costs classification and discuss how these classification could affect their use in decision making.