Cost and Revenue Quiz

Calculate the total cost if the fixed cost is $5000 and the variable cost per unit is $10, and 300 units are produced.

• Total cost = $5000 + ($10 * 200) = $5000 + $2000 = $7000

• Total cost = $5000 + ($10 * 300) = $5000 + $3000 = $8000

• Total cost = $5000 + ($5 * 300) = $5000 + $1500 = $6500

• Total cost = $5000 - ($10 * 300) = $5000 - $3000 = $2000

Determine the revenue if the selling price per unit is $50 and 200 units are sold.

• The revenue is $10,000.

• The revenue is $2000

• The revenue is $500

• The revenue is $100

Apply the cost formula to find the total cost if the fixed cost is $8000 and the variable cost per unit is $15, and 500 units are produced.

• Total cost = $8000 - ($15 * 500) = $8000 - $7500 = $500

• Total cost = $8000 + ($15 * 500) = $8000 + $1500 = $9500

• Total cost = $8000 * ($15 * 500) = $8000 * $7500 = $60000000

• Total cost = $8000 + ($15 * 500) = $8000 + $7500 = $15500

Solve the word problem: A company has a fixed cost of $10,000 and a variable cost per unit of $20. If the company produces 400 units and sells them at $60 each, calculate the profit or loss.

• The total revenue is 400 units * $60 = $24,000. The total cost is $10,000 + (400 units * $20) = $18,000. Therefore, the profit is $24,000 - $18,000 = $6,000.

• The total revenue is 400 units * $60 = $24,000. The total cost is $10,000 + (400 units * $20) = $18,000. Therefore, the profit is $24,000 + $18,000 = $42,000.

• The total revenue is 400 units * $60 = $24,000. The total cost is $10,000 + (400 units * $20) = $18,000. Therefore, the loss is $24,000 - $18,000 = $6,000.

• The total revenue is 400 units * $60 = $24,000. The total cost is $10,000 + (400 units * $20) = $18,000. Therefore, the profit is $24,000 - $18,000 = $42,000.

Calculate the average cost if the total cost is $15,000 and the quantity produced is 600 units.

• $25

• 100

• 50

• 10

Determine the sales volume if the total revenue is $30,000 and the selling price per unit is $50.

• 450 units

• 600 units

• 300 units

• 750 units

Find the sales revenue if 400 units are sold at a selling price of $80 each.

• $25,000

• $40,000

• $32,000

• $12,000

Calculate the fixed cost if the total cost is $25,000 and the variable cost per unit is $30, and 500 units are produced.

• $10,000

• $5,000

• $20,000

• $15,000

Determine the variable cost if the total cost is $12,000, the fixed cost is $5000, and 400 units are produced.

• $7,000

• $15,000

• $3,000

• $10,000

Apply the revenue formula to find the total revenue if the selling price per unit is $40 and 300 units are sold.

• Total Revenue = $30 x 300 = $9,000

• Total Revenue = $40 x 300 = $12,000

• Total Revenue = $50 x 400 = $20,000

• Total Revenue = $40 x 200 = $8,000