Greetings @josepha

1.- You have shared the relationship between costs and financial accounting. Companies are required to keep a record of their expenses to be able to visualize the return on their investment. Financial statements are not only shared between the company's internal departments, they are also made public in the registry.

2.- You have named the differences between fixed costs and variable costs. Both are fundamental parts of the operational and administrative functioning of a company. It is important to check the labor cost, especially if we have 2 different rates, ₦200 and ₦500.

3.- You have shared, through an example, the cost elements. The distribution of resources in the cost structure can occur logically depending on how they affect the production process, however, we must always ensure their application.

4.- You have developed the exercise and presented it in a spreadsheet, where the results are clearly seen.

Below I share the evaluation summary.

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