Question
Visit your favorite restaurant. Observe its business operations. 1. Describe all the business activities from the time a customer arrives to the time that customer
Visit your favorite restaurant. Observe its business operations. 1. Describe all the business activities from the time a customer arrives to the time that customer departs. 2. List all the costs you can identify with the separate activities described in part 1. 3. Classify each cost from part 2 as fixed or variable and explain your classification. 4. Classify each cost from part 2 as direct or indirect and explain your classification. 5. Classify each cost from part 2 as product or period and explain your classification. If you classify a cost as product, indicate whether it is direct material, direct labor, or overhead cost.
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