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Breakeven

Total questions: 18

Worksheet time: 8mins

Name
Class
Date
1.

What is the amount at which the product is to be sold?

a)

Cost Price

b)

Selling Price

c)

Net Sale

d)

Profit

2.

What is incurred in the creation of the product?

a)

Selling Price

b)

Fixed Cost

c)

Variable Cost

d)

Cost Price

3.
A computer has been discounted by 32%. The original cost was $900. What is the new price?
a)
$1188
b)
$288
c)
$612
d)
$600
4.

Business experiences a __________ when the cost price is greater than the selling price.

a)

Markdown

b)

Break-even

c)

Profit

d)

Loss

5.

What is the Selling Price if the Cost Price of a cake is Php 3,400 and profit is Php 400?

a)

3800

b)

3000

c)

2600

d)

4200

6.

Carlos is a carpenter. He sold a chair for Php 900 making a profit of Php 250. Find the cost price of the chair.

a)

Php 1,150

b)

Php 900

c)

Php 650

d)

Php 750

7.

An engineer spent Php 24,500 to assemble a computer. He sold it at a profit of Php 8,250. At what price did he sell it?

a)

31,950

b)

32,750

c)

32,850

d)

30,950

8.

Joy bought six dozen bananas at Php 35 per dozen. He sold all the bananas for Php 300. Did he have a gain or loss or how much ?

a)

Loss, Php 50

b)

Profit, Php 80

c)

Loss, Php 90

d)

Profit, Php 90

9.

Max sold a phone to his friend at a loss of 7.5%. If his friend paid Php 12,500 for it, find the cost price of the watch.

a)

Php 10,560.77

b)

Php 11,627.91

c)

Php 13,437.50

d)

Php 13,513.51

10.

Which is defined as the point when the total cost of a product is equal to the total income?

a)

Profit

b)

Loss

c)

Mark-up

d)

Break-even

11.
Which one is not included in the Break Even formula?
a)
variable costs per unit
b)
total fixed costs
c)
selling price per unit
d)
cost price per unit
12.

What is the formula for contribution?

a)

cost price - selling price

b)

fixed costs - variable costs

c)

selling price - variable cost

d)

selling price - cost price

13.

My total costs are Php 50,000 when selling 100 items. My fixed costs are Php 20,000. What must be the variable cost of one item?

a)

Php 300

b)

Php 500

c)

Php 200

d)

Cannot be calculated

14.

What is the break-even point in units for a company whose total fixed costs are Php 275,450; selling price per unit is Php 16; and variable cost per unit is Php 14.75?

a)

220,360

b)

150,300

c)

183,633

d)

225,120

15.

Marie's Burger has sales of 250 units, a net sale of Php 26 500, total variable costs of Php 12 340 and total fixed costs of Php 4 600 (all annual figures).


Calculate the Contribution per unit

a)

Php 56.64

b)

Php 14 160

c)

Php 14 410

d)

Php 566.40

16.

Simon has worked out the following figures for new Bobble Hats he is going to sell. He estimates that he can produce 20 000 hats a month with a selling price of £3.50. He expects the machinery costs to be £60 000 per annum, staff salaries are £72 000 per annum and raw materials cost £30 000 per month.


What is the contribution margin per 20,000 hats?

a)

66 000

b)

74 000

c)

200 000

d)

40,000

17.

Angela sells dolls houses at Php 50 each. Each dolls house costs her Php 32 to make. Her fixed costs are Php 2700. How many dolls houses must Angela make in order to break-even?

a)

150

b)

22

c)

19

d)

20

18.

The variable cost incurred to a manufacturer of Marikina sandals is Php 86. The store decided to sell each sandal for Php 150. At least how much must she earn to break-even if the fixed cost is Php 25,000?

a)

Php 37,890.22

b)

Php 43,253.43

c)

Php 58,594

d)

None of the Above