financial forecast

___________________are costs for a specific product or way of production. Examples of direct costs are raw materials and

labour.

• indirect costs

• direct costs

• profit

• loss

_________________ or overhead costs are costs that are not for a specific product or service. Examples of indirect costs are rent and insurance

• income

• expenditure

• direct costs

• indirect costs

____________________ are costs that do not change with the number of products that a business develops or services they provide. Fixed costs usually include indirect costs, for example, rent and

insurance.

• indirect costs

• direct costs

• fixed costs

• profit

_______________are costs that will change with the number of products that a business develops or services they provide. Variable costs usually include direct costs, for example, labour

and raw materials.

• direct costs

• variable costs

• revenue

• indirect costs

___________ are also called semi-fixed costs. They stay the same to a certain point and change when the level of production changes, for example workers on commission.

• loss

• profit

• Semi-variable costs

• revenue