RO64 LO2.1

What costs stay the same regardless of the amount of units produced?

• Fixed costs

• Variable costs

• Operating Costs

• Total Costs

What costs increase and decrease based on the amount of units produced?

• Fixed costs

• Variable costs

• Operating Costs

• Total Costs

What is the combination of fixed costs and variable costs?

• Diego Costa

• Super costs

• Operating Costs

• Total Costs

What are costs?

• the things a business needs to pay for

• the amount a customer pays for a product

• the amount invested in a business

• the value of all stock

A Salary is a _____________________

• hourly pay amount
  
• fixed regular payment
  
• paid bi weekly or monthly.

An example of salaried job is a ______________

• cashier

• electrician

• teacher

• delivery driver

Wages are a

• fixed cost

• variable cost

Salaries are a

• fixed cost

• variable cost

Loan repayments are a

• Fixed cost

• Variable cost

Insurance repayments are a

• Fixed cost

• Variable cost