Types of Costs Fixed Costs Variable Costs (Overhead) Costs that don't Costs that do vary vary with sales or directly with the production levels level of production. Executive Salaries Raw materials Rent Total Costs Sum of the fixed and variable costs for a iven Level of production @2000 Prentice Hall©2000 Prentice Hall Types of Costs Total Costs Sum of the Fixed and Variable Costs for a Given Level of Production Fixed Costs (Overhead) Costs that don’t vary with sales or production levels. Executive Salaries Rent Variable Costs Costs that do vary directly with the level of production. Raw materials