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

Descripción

This test is meant to check your knowledge of the topic.
Gaby Gijsberts
Test por Gaby Gijsberts, actualizado hace más de 1 año
Gaby Gijsberts
Creado por Gaby Gijsberts hace más de 3 años
5
0

Resumen del Recurso

Pregunta 1

Pregunta
Which of the following costs would be a fixed cost for Shaun, a knitwear manufacturer?
Respuesta
  • Purchasing wool
  • Labour cost: knitting machine operators
  • Factory rent
  • Labels and packaging

Pregunta 2

Pregunta
Which of the following definitions of break-even point is correct?
Respuesta
  • 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.

Pregunta 3

Pregunta
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?
Respuesta
  • 227 tickets
  • 236 tickets
  • 241 tickets
  • 250 tickets
Mostrar resumen completo Ocultar resumen completo

Similar

Finance- Break even
cesleviciutek
Unit 4 The Accounting Cycle
a.j.hemphill
Chapter One: Introduction to Accounting
charlotte.power9
AS - Buss1 - Formula Cards
Sophie Davis
Economy Terms
Lex R
Finance - Balance sheets
cesleviciutek
Financial Ratios
Liz Barraclough
Finance sources of Finance
cesleviciutek
Investment Planning Part 1
callum.thomson
How accounting is recorded
rachaellouise18
State & Local Govt - Accounting and Financial Reporting
turquoise_cat