WorksheetsASSESSMENT QUIZ 1
Total questions: 20
Worksheet time: 26mins
What is a business doing at the break even point?
Making a loss
Producing the startup output
Making neither a profit nor a loss
Making a profit.
When does the break-even point fall?
When fixed costs rise
When depreciation increases
When the selling price decreases
When fixed cost fall.
What assumption does this statement say "Break even is 54 units"?
if we sell 55 we aren't making a profit
if we sell 54 we begin to make a profit
if we sell 55 we begin to make a profit
if we sell 54 we are not yet at break even point
My total costs are P50,000 when selling 100 items. My fixed costs are P20,000. What must be the variable cost of one item?
300
500
200
What is the break-even point in units for a company whose total fixed costs are P275,450; selling price per unit is P16; and variable cost per unit is P14.75?
220,360
150,300
183,633
225,120
The point where the money going out is equal to money coming in, is known as the ______________________.
break-even analysis
break-down point
break-even point
A (a) is a linear relationship representing a restriction on decision making.
What is the break-even output if fixed costs are 30,000, selling price per unit is 20 and variable costs per unit are 8?
2,500
2,500
1,500
3,750
What is the break-even output if the amount charged to customers is P60, the cost of making each item is P25 and fixed costs are P700,000?
20,000
2,000
20,000
2,000
How would you determine the break-even point on a graph?
Where the lines for total revenue and total costs cross
Where the lines for total revenue and fixed costs cross
Where the lines for total costs and fixed costs cross
Where the lines for fixed costs and variable costs cres..
If at least one constraint in a linear programming model is violated, the solution is said to be (a) .
What is the profit (or loss) if 10 units were sold at a selling price of P85, the variable costs per unit was P25 and fixed costs were P300?
P3000
(P300)
P300
P600
(a) is the difference between the left- and right-hand sides of a greater than or equal to constraint.
Susanna Nanna is the production manager for a furniture manufacturing company. The company produces tables (X) and chairs (Y). Each table generates a profit of $80 and requires 3 hours of assembly time and 4 hours of finishing time. Each chair generates $50 of profit and requires 3 hours of assembly time and 2 hours of finishing time. There are 360 hours of assembly time and 240 hours of finishing time available each month. The following linear programming problem represents this situation.
Maximize: 80X + 50Y
What would the maximum possible profit be?
(a)
Consider the following constraints from a linear programming problem:
2X+Y≤200
X+2Y≤200
X,Y≥0
If these are the only constraints, which of the following points (X,Y) cannot be the optimal solution?
(0, 0)
(0, 100)
(65, 65)
(100, 0)
(66.67, 66.67)
Consider the following linear programming problem:
Maximize 5X + 6Y
Subject to: 4X+2Y≤420
1X+2Y≤120
all variables≥0
Which of the following points (X,Y) is feasible?
(50,40)
(30,50)
(60,30)
(90,20)
