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  3. step 1: for each cost, mark the cost as a product

Step 1: For each cost, mark the cost as a product cost or a period...

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Accounting

Step 1: For each cost, mark the cost as a product cost or a period cost.
Step 2 : If the cost is a product cost, then mark the cost as a variable cost, a fixed cost, or a mixed cost.
\table[[,\table[[Variable],[Costs]],\table[[Fixed],[Costs]],\table[[Mixed],[Costs]],Product Costs,\table[[Period],[Costs]]],[Mortgage on the Cake Shop],[Insurance on the Cake Shop],[Baking ingredients (flour, sugar, etc)],[Utilities for the Cake Shop],[Office supplies],[Wages for the bakers],[Salary for his accountant, Mrs. Suncat],[Depreciation on office equipment],[Cooking spray to grease cake pans],[Bakery supervisor wages],[Advertising costs],[Depreciation of the baking equipment],[Baking equipment repairs,,,,,]]
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