What is the difference between fixed costs and variable cost

How does the target cost method differ from cost-plus approaches?

What is a direct cost? An indirect cost? Can the same cost be direct for one purpose and indirect for another? Give an example.

When is multiple regression required to explain cost behavior?

What is the basic premise underlying the high-low method of analyzing semivariable costs?

What is the price-recovery component?

How does the length of the time horizon affect the classification of a cost as fixed or variable? What is the meaning of short run? Long run?

Explain the difference between prime costs and conversion costs.

When will the average unit cost be useful for value streams?

What are considered direct costs in segment analysis?