... • Total Production Costs » Sum of variable, fixed and semi variable costs • Direct Costs • Indirect Costs (Overhead) 14- 13 Cost, Volume, Profit Relationships Figure 14- 1 14- 14 Regulation by Competition ... nonstandard items and services 14- 23 Cost Analysis Defined • Cost analysis is a review and an evaluation of actual or anticipated costs » It involves the application of experience, knowledge, and ... Amount and quality of subcontracting • Plant capacity and the continuity of output 14- 25 How Production Volume Affects Fixed Costs, Variable Costs and Profit Table 14- 1 14- 26 Sources of Cost Data...