Gaby Gijsberts
Quiz by , created more than 1 year ago

This test is meant to check your knowledge of the topic.

5
0
0
Gaby Gijsberts
Created by Gaby Gijsberts over 3 years ago
Close

IB Finance Year 1 and 2: Supply Chain and Finance: Cost-Volume-Profit Analysis

Question 1 of 3

1

Which of the following costs would be a fixed cost for Shaun, a knitwear manufacturer?

Select one of the following:

  • Purchasing wool

  • Labour cost: knitting machine operators

  • Factory rent

  • Labels and packaging

Explanation

Question 2 of 3

1

Which of the following definitions of break-even point is correct?

Select one of the following:

  • The break-even point is where total revenue equals total fixed costs plus variable costs.

  • The break-even point is where total sales revenue equals total contribution.

  • The break-even point is where total fixed costs equals total variable costs.

  • . The break-even point is where total revenue equals total fixed costs less variable costs.

Explanation

Question 3 of 3

1

Toby is arranging for a rock concert to be held in the students union. The use of the hall will be free but security costs of £100 will have to be met. The cost of the main band will be £2,500 and the supporting band will cost £150. Tickets will be priced at £11 each. What is the break-even point for this event?

Select one of the following:

  • 227 tickets

  • 236 tickets

  • 241 tickets

  • 250 tickets

Explanation

Previous
Next