What Is the Difference Between a Flow Diagram and Process

question 76

Essay

What is the difference between a flow diagram and process chart?

---

Definitions:

Total Cost

The sum of all expenses associated with the production or provision of goods and services, including fixed and variable costs.

Per Unit

A term referring to the cost, price, or measurement associated with a single unit of a product or service.

Cost Data

Information regarding the expenses incurred in the production or delivery of goods and services, used for pricing, budgeting, and financial analysis.

Fixed Costs

Expenses that do not change with the level of production or sales in the short term, such as rent, salaries, or insurance premiums.