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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.PLEASE CITE EVERYTHING IN APA FORMAT