oach Chapter 1 is a big one, full of information that will provide the foundation for the entire semester! It includes much information about costs and their classification for different purposes. Let's get started! v-Hill Name the three categories of manufacturing costs. What are the other terms for manufacturing costs? What makes manufacturing overhead different from the other, manufacturing costs? Give examples of manufacturing costs. Name the two categories of non-manufacturing costs. What is the other term for these costs . Give an example of non-manufacturing costs. What is the difference between a variable cost and a fixed one? What is meant by a mixed cost? If the total activity level of a business changes, what will happen to the total variable cost? What will happen to the total fixed cost? Give examples of variable and fixed costs. What is the difference between direct and indirect costs? Give some examples. What is a sunk cost? Give an example. What is an opportunity cost? Give an example