Breakeven Point

Breakeven Point

Revision

Multiple Select

Break even point is..

• Maximum profit a business can make.

• Is when a business starts making a profit.

• When a business neither makes a profit nor a loss.

• When a business starts making a loss.

• When total costs are equal to total revenue.

Multiple Select

Which of the following are fixed costs?

• Business Rates

• Wages

• Manager's Salary

• Rent

• Insurance

Multiple Select

Costs which do not vary with the level of output are called....

• Direct costs

• Fixed costs

• Overhead costs

• Permanent costs

Fixed costs.

Fixed Costs do not vary with output.

They remain fixed for a specific period.

Multiple Select

Which of the following are variable costs?

• Telephone

• Wages

• Direct Materials

• Direct labour

Variable costs.

Variable costs vary with output.

The higher the level of output the higher the variable costs.

Open Ended

Costs which are both fixed and variable called.......

Open Ended

Give two examples of semi variable costs.