Question: 1. (1) Identify each of the five cost classifications discussed in the chapter.
(2) List two purposes of identifying these separate cost classifications.
2. Visit your favorite fast-food restaurant. Observe its business operations.
Required :1. Describe all business activities from the time a customer arrives to the time that customer departs.
2. List all 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.