Think about the Ford Motor Company and some of its costs. Provide two examples for each of the following. Please number your responses 1. Variable costs 2. Fixed costs 3. Product costs 4. Period costs 5. Manufacturing overhead costs Why do production costs decrease when a company makes more units? Demonstrate your knowledge by discussing how fixed and variable costs respond to changes in production Think about an accounting & advisory business versus a convenience store. Which type of business would have a higher contribution margin for each dollar of sales revenue? Why