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Drawing a Break Even Chart

Authored by ANDY SIMMS

Business

9th Grade

Used 3+ times

Drawing a Break Even Chart
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of a break-even chart?

To analyze the profit at different outputs

To calculate the total revenue

To plot the output on the vertical axis

To draw a horizontal line for fixed costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the break-even point on a break-even chart?

Where the total revenue is greater than the total costs

Where fixed costs and variable costs intersect

Where the output is at its maximum

Where total costs and total revenue lines cross

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What were the fixed cost for Chris's surfboard business?

£120,000

£200,000

£80,000

£160,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total cost at an output of 2,000 surfboards for Chris's business?

£320,000

£240,000

£200,000

£280,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total revenue if Chris sells 2,000 surfboards at £200 each?

£450,000

£400,000

£350,000

£300,000

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the area to the left of the break-even point represent on the chart?

Loss

Variable costs

Profit

Fixed costs

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the area to the right of the break-even point represent on the chart?

Variable costs

Profit

Fixed costs

Loss

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