[LAST NAME, GIVEN NAME MIDDLE NAME] Submission Date

YEAR AND SECTION Cost Accounting and Control

Pre-Assessment Activity 2
1. Instruction(s): Respond to the following requirements given below. You can cite your
references, if any.

Notes:
 Just answer each question briefly and concisely.
 For Part one, minimum of two paragraphs is needed each answer; For Part two, two to
five sentences are sufficient.
 Please cite your references using APA 7th edition1.
 References must be in the footnotes.
 Copy pasting as a practice is not accepted.
 Please do not alter this format.

Requirement 1. Define cost conceptually and operationally.

Requirement 2. Differentiate cost, expense and loss. Use a Venn Diagram.

Requirement 3. Differentiate and discuss what is a direct and indirect cost in a tabular form.

Requirement 4. What are the different components of a manufacturing costs? Illustrate with real-life
examples
.
Requirement 5. How are prime costs and conversion costs differed? Illustrate.

Requirement 6. Costs can be classified according to their behavior i.e., variable, fixed and mixed costs.
Visualize your response through graphs/charts.

Requirement 7. Consider yourself being the general manager of a catering and events business. What
are the direct and indirect costs that your business would be incurring?

1
Click on this link to know how to cite references using APA Style of referencing, 7 th edition.
https://libguides.csudh.edu/citation/apa-7