NEW
Font size
WorksheetsBreak Even for Staff Training
Total questions: 12
Worksheet time: 6mins
Break even could be defined as...
The point of no profit but no loss.
The point when a business makes profit and loss.
The difference between fixed and variable costs.
The formula for the break even point is
Fixed Costs - Contribution
Selling Price / Fixed Costs
Contribution / Fixed Costs
Fixed Costs / Contribution
Which of these is NOT an example of a fixed cost?
Rent
Insurance
Salaries
Electricity
The formula for contribution is...
Selling Price - Variable Costs
Fixed Costs / Contribution
Selling Price / Variable Costs
Fixed Costs - Contribution
Product X's selling price is £20 and the variable cost of producing 1 unit is £8. Contribution is...
£28
-£28
£12
£160
Fixed Costs for Business Y totalled £30,000 last year. One of these costs could have been...
Salaries
Materials
Electricity
Wages
Product Z has a contribution of £30 and the business has fixed costs of £600,000. The break even point would be...
Twenty thousand units
Eighteen million units
Six hundred and thirty thousand units
Fifty thousand units
Given that Salaries are £40,000, Rent is £10,000 and Materials cost £16,000: Fixed Costs would total...
£66,000
£50,000
£14,000
£56,000
It costs £13 to produce 1 unit of Product Q. Given that the business also has fixed costs of £78,000, calculate the break even point.
£6,000
£0.00017
0.00017 units
6,000 units
Any sales after the break even point has been reached would be classed as...
Profit
Loss
Continuing to break even
Fixed Costs
Quizlet allows you to create...
Flashcards
A timed whole-class game
Learning Walls
A popular low-stakes whole-class quizzing website...
Kahoot
Kardoot
Katoot
Kerplunk
Kahot
