Costs and sales

• What are fixed costs?

  Costs of the business that stay the same regardless of how well it is doing
• What are variable costs?

  Costs that vary with the level of production or sales.
• What is the selling price per unit?

  Amount paid by each customer for each item bought
• What are sales in units?

  Quantity of sales
• What are sales in value?

  Monetary value of sales