Q The goal of this discussion question is for students to discuss and develop a deeper understanding of the backbone of managerial accounting. Keep in mind that this discussion question will help prepare you for future exams, so it is important that you understand the information and actively participate in discussions. To supplement your learning and enhance your understanding, you may also have to conduct research outside of course provided material. Discussion Question Requirements: 1. Your initial discussion question response must include a minimum of three paragraphs in length and is due no later than Thursday by 11:59 pm EST. o If the Thursday by 11:59 pm EST deadline is missed, you will still be required to provide the initial post to participate in peer discussion and earn partial credit for the assignment. 2. Pick one peer’s post and review it. Then comment in no less than one paragraph why you found the information helpful, informative, etc. no later than Sunday by 11:59 pm EST. You must present new ideas and/or thoughts, merely stating that you agree/disagree is not enough to earn full points. 3. Students will not be able to see peers' postings before posting their initial post. Once you make your initial post, you are not permitted to edit. If edits are needed, you will need to reply to the original post and make the corrections there. 4. A paragraph is considered a minimum of 4-6 sentences. 5. Cite all sources - you must provide the exact link to the reference. Please keep in mind that citing sources does not mean you can copy and paste information from the source and use it as your own. You also cannot only change a few words from a source; all work must be in your own words. If copying/pasting is found or the submission is not in your own words, you will receive a zero, no exceptions. This also includes commenting on peers' posts. 6. Use tables, if needed to make your posts directly into the discussion area. Do not post as an attachment. Watch the following video: While watching, think about the information you learned while reading Chapter 1. After, summarize the highlighter pen manufacturing process in no less than one paragraph. Then, specifically, match at least one cost/expense you saw in the video to each of the terms below and explain the reasoning in no less than one sentence for each term. A specific video cost/expense can only be used once. For example, the plastic pellets would be considered a raw direct material. The reason is that plastic pellets are used to make the product and are clearly and easily traceable to the finished product. Direct Cost Indirect Cost Product Cost Period Cost Direct Material Indirect Material Direct Labor Indirect Labor Overhead Variable Cost Fixed Cost Finished Good