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Unit 3.2

Horizontales
Costs of production that change in proportion to the level of output
Costs that do not vary with the level of output
Costs that have elements of both fixed and variable costs
The amount of money a product is sold for
Costs that do not directly link to the production or sale of a specific product
Verticales
The sum of all variable and fixed costs
The sum of money incurred by a business in the production process
The money coming into a business from its various business activities
Costs specifically attributed to the production or sale of a particular good or service
The money that a business collects from the sale of its goods and services