Search Header Logo
Basic Concepts Review - 1st BGU B

Basic Concepts Review - 1st BGU B

Assessment

Presentation

Social Studies

10th - 11th Grade

Practice Problem

Medium

Created by

Gisella Chavez

Used 5+ times

FREE Resource

9 Slides • 15 Questions

1

Basic Concepts Review - 1st BGU A

Slide image

2

Slide image

3

Multiple Choice

Calculate the revenue when you sell 80 pairs of socks for $3.50

1

$ 240

2

$ 200

3

$ 250

4

$ 280

4

Multiple Choice

Calculate the revenue when you have 24 customers who buy your newly designed shoes – half of the customers buy the standard pairs for $ 22,99, but half choose to customise them, and pay $ 28,50 per pair.

1

$ 551,76

2

$ 1 235,76

3

$ 684

4

$ 617,88

5

Multiple Choice

Calculate the revenue when you sell 20 printed t-shirts, which normally sell for $ 7, but the first 10 customers received a discount of 30%.

1

$ 110

2

$ 118

3

$ 119

4

$ 115

6

Multiple Choice

Company XYZ Inc. had revenue from the sale of $ 80,000 for the year 2020. It paid $ 16,000 as employee wages, $ 30,000 for raw materials and goods, $ 3,000 for other office and factory maintenance expenses. The Company had interest income of $ 2000 and paid $ 1500 in taxes. What is the net income of the Company ABC Inc.?

1

$ 33 .000,00

2

$ 27.500,00

3

$ 31.500,00

4

$ 30.000,00

7

Slide image

8

Slide image

9

Slide image

10

Multiple Choice

Which of the following items is and expense for a bakery?

1

flour

2

baker salary

3

butter

4

janitor salary

11

Multiple Select

Which of the following items are costs for a bakery?

1

flour

2

baker salary

3

butter

4

rent

12

Multiple Choice

Supercines has

1

Cost of sales

2

Manufacturing cost

13

Multiple Choice

De Prati has

1

Cost of sales

2

Manufacturing cost

14

Multiple Choice

Apple has

1

Cost of sales

2

Manufacturing cost

15

Slide image

16

What do you need to consider when making an investment

Slide image

17

Slide image

18

Slide image

19

Multiple Choice

Summarize the cost of direct materials, direct labor and manufacturing overhead incurred in producing the goods.

1

Manufacturing costs

2

Manufacturing overhead

3

Cost of goods manufactured

4

Cost of goods sold

20

Multiple Choice

Factory insurance is considered to be a

1

Manufacturing overhead costs

2

Prime costs

3

Administrative costs

4

Operating income

21

Multiple Choice

It increases or decreases with your business activity. Some examples are direct materials, production supplies, shipping costs, merchant fees, and billable wages.

1

Fixed Cost

2

Variable Cost

3

Mixed Cost

4

Irrelevant Cost

22

Multiple Choice

Costs that remain the same in total regardless of changes in the activity level.

1

Variable Cost

2

Fixed Cost

3

Relevant Cost

4

Sunk Cost

23

Multiple Choice

Material that is not part of a production and it can't be conveniently traced to specific product

1

Expenses

2

Raw Material

3

Indirect Materials

4

Direct Material

24

Multiple Choice

Costs that possess characteristics of both fixed and variable cost are called...

1

Semi-variable cost

2

Step cost

3

variable cost

4

fixed cost

Basic Concepts Review - 1st BGU A

Slide image

Show answer

Auto Play

Slide 1 / 24

SLIDE