Greetings @amjadsharif

1.- You have presented the relationship between costs and financial accounting. Both share detailed information about production and/or service costs, which are relevant to determining the performance of a company.

2.- You have pointed out the difference between fixed costs and variable costs, as well as, you have named some examples. Fixed costs do not vary periodically, and are not affected by the level of production, while variable costs are subject to the productive activity of a company, therefore, they can change constantly.

3.- You have presented a fictitious case, generally describing the elements of the cost. It is important to detail and organize our cost structure to better visualize the information.

4.- You have developed an exercise, however, some data is not related to the exercise proposed by @yolvijrm, therefore it will not be taken into consideration as compliance with the standards.

Below I share the evaluation summary.

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