Immediate 1 hour deliverable needed.

Fixed:

1. This is the cost which doesn’t change with the change in the amount of goods produced

2. Insurance Cost

3. Insurance cost doesn’t change even if the production increases or decreases hence fitting into the definition

Variable:

1. This is the costs which tend to vary with the output level

2. Raw material cost

3. The raw material costs normally do change with the magnitude of the work done, hence fitting into the definition.

Direct:

1. This is the cost which is tied to the putting up of the fitness center

2. Direct Labor cost

3. Direct cost must be provided from the construction to proceed

Indirect:

1. This refers to the general administrative expenses of the fitness center building

2. Engineers and Architectural costs

3. The engineers as well as architectures are usually part of the management in overseeing the project, hence fitting into the indirect cost definition.

Recurring:

1. This is a cost that is documented in the project records that is regularly occurring.

2. Monthly subscription costs

3. The monthly subscription costs needs to made in a recurring manner hence fitting into the definition

Nonrecurring:

1. This is an expense or loss which is not likely to take place again.

2. Lawsuit payments

3. Lawsuit usually takes place ones for a while hence nonrecurring

Regular:

1. This is that cost or expense which tend to occur on a regular basis

2. Monthly savings

3. Monthly savings costs will tend to be done on a regular basis hence fitting in the definition

Expedited:

1. This is a cost that has got the probability of occurring over the existing cost

2. Compensation cost

3. The compensation cost doesn’t arise more often but with probability.

Internal:

1. This is the cost that is required to buy or manufacture an item.

2. Material Cost

3. Materials are required in the purchase of items that are supposed to be used in the construction of buildings

External:

1. This is the cost that is incurred as a result of economic transaction that the project isn’t directly involved in.

2. Fuel Cost

3. The fuel cost is the one made but without the knowledge of the individual making the payment

Lease:

1. This is a brokerage commissions in the fitness building center project

2. Direct payment costs

3. Direct payment costs are usually treated as commissions hence fitting in the definition

Purchase:

1. This is the cost representing the commissions paid on an investment

2. Land purchase cost

3. Land purchase cost is in the category of purchase cost.

Labor:

1. This refers to the sum of all wages paid to employees

2. Production supervisor cost

3. The production supervisors are under labor in the project, hence it fits in the definition

Material:

1. This is the cost of materials that will be used in the construction of the fitness center

2. Raw materials cost

3. The raw materials cost fits the definition since the raw materials must be bought to accomplish the construction task

Estimate:

1. This refers to the approximate cost of running the whole construction of the fitness center.

2. Budget estimate cost

3. It fits the definition since always any budget is just an estimate of the real cost

Reserve:

1. This is the minimum price that the seller is actually willing to sell a product.

2. Physical fitness subscription cost

3. It fits the definition since it’s placed by the fitness center operator who behaves as a seller