GCSE, Costs, revenue and profit

Miami Ltd sold 500 units at £3.00 each in June

Their fixed costs per month are £400.00

Their variable costs per unit are £0.50

Calculate Miami Ltd.'s total sales revenue

• £1000

• £1500

• £2000

• £2500

Miami Ltd sold 500 units at £3.00 each in June

Their fixed costs per month are £400.00

Their variable costs per unit are £0.50

Calculate Miami Ltd.'s fixed costs for June

• £1500

• £800

• £400

• £250

Miami Ltd sold 500 units at £3.00 each in June

Their fixed costs per month are £400.00

Their variable costs per unit are £0.50

Calculate Miami Ltd.'s total variable costs for June

• £250

• £500

• £750

• £1000

Miami Ltd sold 500 units at £3.00 each in June

Their fixed costs per month are £400.00

Their variable costs per unit are £0.50

Calculate Miami Ltd.'s total costs for June

• £500

• £1250

• £650

• £800

Alabama Ltd sold 3,000 units last year.

The price per unit is £4.00

Variable costs per unit are £1.00

Fixed costs per year are £3,000

Calculate the total sales revenue for Alabama Ltd

• £6,000

• £8,000

• £10,000

• £12,000

Alabama Ltd sold 3,000 units last year.

The price per unit is £4.00

Variable costs per unit are £1.00

Fixed costs per year are £3,000

Calculate the total fixed costs for Alabama Ltd

• £3,000

• £6,000

• £9,000

• £12,000

Alabama Ltd sold 3,000 units last year.

The price per unit is £4.00

Variable costs per unit are £1.00

Fixed costs per year are £3,000

Calculate the total variable costs for Alabama Ltd

• £3,000

• £4,000

• £5,000

• £6,000

Alabama Ltd sold 3,000 units last year.

The price per unit is £4.00

Variable costs per unit are £1.00

Fixed costs per year are £3,000

Calculate the total costs for Alabama Ltd

• £5,000

• £6,000

• £7,000

• £8,000

Which of the following does not change when a business sells more units?

• Quantity sold

• Total sales revenue

• Fixed costs

• Variable costs

Kentucky sold 5,000 units and their total sales revenue was £15,000.

Calculate the selling price per unit for Kentucky Ltd

• £2.00

• £3.00

• £4.00

• £5.00