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Costs that do not vary with production levels or sales revenue are known as _____ costs.

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Answer:

fixed costs

Step-by-step explanation:

A fixed cost refers to the expense not increasing with an up or down in the number of commodities generated or sold. Fixed costs are bills a business pays, regardless of any particular business practices. Organizations may typically have two kinds of expenses, fixed costs and variable costs, all of which add to their overall costs.

Fixed expenses are generally measured by contract or timetable arrangements. These are the basic costs associated in the systematic activity of a company. Fixed costs as defined may not adjust over the existence of a deal or expense plan.

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