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RE: SLC | S21W2 | Costs For Entrepreneurs - Cost Elements

in #costs-s21w217 days ago

Greetings @hisgeneral

1.- You have explained in broad strokes the relationship between costs and financial accounting, idetifying how costs become an important source of information for finance, and their respective reports.

2.- You have pointed out the difference between fixed and variable costs, giving examples of each of them. We would have liked you to give examples for a specific type of business.

3.- In this opportunity you have established the fixed and variable costs for a T-shirt manufacturing company, however it was required the identification of the cost elements, which according to what was explained in the class, are raw material, labor and indirect costs.

4.- You have classified each of the costs incurred by the company Steemians, however there are some adjustments in the classifications, because shipping costs are not direct costs, they are part of the cost of sales.

Below I share the evaluation summary.

DescriptionEvaluation
Quality2/3
Compliance with rules3/3
Presentation2/2
Originality1.3/2
Plagiarism free
Human/AIHuman
Total8.3

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Thanks for reviewing, sire