In a 4-5 page paper, please include the followingExplain th

In a 4-5 page paper, please include the following:Explain the different types of costs (variable, fixed, sunk, opportunity, direct, indirect).Give 1-2 examples of each type of cost and explain how these costs will be applied during the manufacturing process.Conclude your paper by describing the importance of these costs in managerial accounting.Be sure that the paper has no spelling or grammatical errors.Submit your completed assignment to the drop box below. Please check the Course Calendar for specific due dates.Save your assignment as a Microsoft Word document. (Mac users, please remember to append the ‘.docx’ extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below: