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Visit your favorite restaurant. Observe its business operations.1. Describe all the business activities from the time a customerarrives to the time that customer departs. 2. List all the costsyou can identify with the separate activities described in part 1.3. Classify each cost from part 2 as fixed or variable and explainyour classification. 4. Classify each cost from part 2 as direct orindirect and explain your classification. 5. Classify each costfrom part 2 as product or period and explain your classification.If you classify a cost as product, indicate whether it is directmaterial, direct labor, or overhead cost.
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