Greetings @neelofar

1.- You have answered the first question, revealing the relationship between costs and financial accounting. It is true, companies need to carry out these processes to make decisions based on the results.

2.- You have shared the differences between fixed costs and variable costs. Each one plays an important role in the company, therefore, they must be registered and monitored for analysis and adjustments if necessary.

3.- You have shown the cost elements of a fictitious manufacturing case, a textual and technical analysis that shows the procedure for producing candles.

4.- You have developed the proposed exercise, showing the cost elements in an organized manner. A detail can generate poor analysis in a production process, and therefore, you can produce losses.

Below I share the evaluation summary.

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