In your own words (in a sentence or two for each), explain each of the following six concepts below:Explain how each of these costs affect or potentially affect profitability.
Accounting-Cost Structures Reference Textbook: Free online access Walther, L. (2019). Principlesofaccounting.com. https://www.principlesofaccounting.com – As we begin to predict the behavior of costs in accounting, it is important to understand the cost structure. The cost structure is often made up of several different types of costs. Not all costs respond to a change in activity […]