Week 6 Quiz

Refers to the cost of the actual materials/ ingredients and labor used in producing goods or products.

• Operating expenses

• Production Cost

• Profit

• Selling Price

Answer explanation

Production Cost

Refers to the additional cost that covers the basic operation of the rest of the business, the other name of it is overhead expenses

• Production Cost

• Selling Price

• profit

• Operating Expenses

Means the net income, earning from the production cost

• Profit

• Selling price

• Overhead

• operating cost

is the difference between how much an item costs you, and how much you sell that item for, it's your profit per item.

• Percentage mark up

• Mark up

• Selling Price

• overhead

is expressed as percentage (%)a. It shows how big or small your income is.

• Mark up

• mark up percentage

• purchase cost

• selling price

What is the peso mark up if the suman cost P7 each and its purchased cost is P4 ?

What is percentage mark up if the selling price is P10 and the purchase cost is P7? Compute Based on the selling price.