Costs

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  • Created by: bella
  • Created on: 06-02-14 13:51
Fixed Costs
Costs that don't change - e.g. salary
1 of 8
Variable Costs
Costs that do change - e.g. Wages
2 of 8
Raw Materials
Variable
3 of 8
Labour
Variable
4 of 8
Business rates
Fixed
5 of 8
Total Costs
Fixed + Variable Costs
6 of 8
Direct Costs
Expenses that can be attributed to a particular product e.g. machinery
7 of 8
Indirect Costs
General overheads of running the business e.g. rent
8 of 8

Other cards in this set

Card 2

Front

Costs that do change - e.g. Wages

Back

Variable Costs

Card 3

Front

Variable

Back

Preview of the back of card 3

Card 4

Front

Variable

Back

Preview of the back of card 4

Card 5

Front

Fixed

Back

Preview of the back of card 5
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