
Exam Q's Unit 2 - Break Even
Authored by David Urquhart
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12th Grade
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1.
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1 min • 1 pt
The margin between projected units and break even point units definition of ....?(1 mark)
2.
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1 min • 1 pt
selling price - variable cost is the formula for?(1 mark)
3.
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1 min • 1 pt
What is the break-even point in units for a company whose total fixed costs are £275,450; selling price per unit is £16; and variable cost per unit is £14.75? (2 marks)
4.
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1 min • 1 pt
My total costs are £50,000 when selling 100 items. My fixed costs are £20,000. What must be the variable cost of one item? (1 mark)
5.
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1 min • 1 pt
We are going to manufacture Whats-Its. The Whats-It machine costs £4000.It also costs £5 for materials and labour for each Whats-It. We are planning to sell our Whats-Its for £12 each. How many Whats-Its must we sell in order to breakeven? (1 mark)
6.
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1 min • 1 pt
Fixed costs: = £30,000
Variable cost: = £200 per photo shoot
Forecast output (Sales): = 140 photo shoots
Selling price: = £1000 per photo shoot
What is the Total Contribution? (2 marks)
7.
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1 min • 1 pt
Simon has worked out the following figures for new Bobble Hats he is going to sell. He estimates that he can produce 20 000 hats a month with a selling price of £3.50. He expects the machinery costs to be £60 000 per annum, staff salaries are £72 000 per annum and raw materials cost £30 000 per month
What is the margin of safety? (3 marks)
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