Costs 0.0 / 5 ? Business StudiesCostsGCSEEdexcel Created by: bellaCreated 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
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