Pick one of the following companies/products and answer items 1 through 3 below.

Nike - shoes

Apple - iPhones

North Face - jackets

Trek - mountain bikes

1. State which company/product you chose from the list above.
2. Describe a fixed cost and provide two examples of fixed costs related to production for the company/product you chose. Be specific in how your examples relate directly to the company/product u chose. Note that ur examples must be related to production, so stating that the salary of a marketing manager would be incorrect.
3. Describe a variable cost and provide two examples of variable costs related to production for the company/product u chose. Be specific in how your examples relate directly to the company/product u chose. Note that your examples must be related to production, so stating that the hourly wages of an accounting intern would be incorrect.