Graduate level 500 WORD ESSAY IN APA FORMAT!!! 2 questions

Question 1

1. Define direct costs.
2. Define Indirect costs
3. Why are direct and indirect costs important to management?
4. Would you describe your current job today as a direct cost or a indirect cost?  Why?  
5. Categorize the following as direct or indirect:             

                 a.  Managed care marketing expense

                 b.  Real estate taxes

                 c.  Liability insurance

                 d.  Clinic telephone expense

                 e.  Utilities (for the entire facility)

                 f.  Emergency room medical supplies

Question 2

What is break-even analysis and why is it an important element in the discussion of operating leverage?  In your response include a discussion on the break-even point.

Compare fixed and variable costs and explain the significance of the difference in making financial decisions.  What does contribution margin (CM) mean?