Describe THOUGHTFULLY why it is important to understand cost classifications used

1a. Describe THOUGHTFULLY why it is important to understand cost classifications used for assigning costs to cost objects: direct and indirect costs.1b. Describe THOUGHTFULLY how you learned to understand cost classificattions used for assigning costs to cost objects in direct and indirect costs. Give ONE example from your personal experience of the learning process.1c. Discuss in at least ONE WELL-DEVELOPED paragraph your ORIGINAL personal insights about understanding the importance in understanding cost classifications used for assigning costs to cost objects.1d. Did this learning outcome change the way you thought about the topic? Now that we covered the topic, was it valuable or should it be changed? Justify your answer.2a. Describe THOUGHTFULLY why is is important to be able to prepare and interpret CVP and BE profit.2b. Describe THOUGHTFULLY how you learned to understand how to prepare and interpret CVP and BE profit.2c. Discuss in at least ONE WELL-DEVELOPED paragraph your ORIGINAL personal insights about understanding about how to prepare and interpret CVP and BE profit.2d. Did this learning outcome change the way you thought about the topic? Now that we covered the topic, was it valuable or should it be changed? Justify your answer.