Greetings @shabbir86

1.- You have identified how costs represent an important source of information for financial accounting. This is where a large part of the transactions that produce the result of the fiscal year, and therefore the profit or loss, originate.

2.- You have pointed out very well the difference between fixed and variable costs, giving examples of each of them. We would have liked you to exemplify it in a real or fictitious company.

3.- You have identified the cost elements in the manufacture of telephones, segregating correctly each one of the cost elements and explaining in detail each one of them.

4.- Although you have classified each of the costs incurred by the Steemians company, we would have liked to have distributed and totaled them by segments, but you still did a good job.

Below I share the evaluation summary.

Thanks for joining the contest