Costs And Revenue
8 Questions
| Attempts: 125
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One unit of product A costs $43.00 to produce and sells for $69.00. Product B costs $66 to produce and retails for $93.25. Which product has the higher contribution? (Indicate letter only)
About This Quiz
This covers units 21, 22, 23 and 24 of Denby's book.
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- 2.
____________ costs do not change with the amount produced or sold.
- 3.
In a bakery, flour is an example of a ___________ cost.
- 4.
Athough usually a fixed cost, electricity used in some businesses such as a dry-cleaning business, may be a variable cost.
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True
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False
Correct Answer
A. True -
- 5.
Retained profit is the biggest source of Finance for UK companies.
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True
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False
Correct Answer
A. True -
- 6.
Choose the word that best describes what 'Bottom line' is in business.
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Gross profit
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Net profit
Correct Answer
A. Net profit -
- 7.
How many items must be sold in a month to cover total fixed costs of $3,450 if the unit sells for $45 but had originally been bought for $22.
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152 units
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151 units
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150 units
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154 units
Correct Answer
A. 150 units -
- 8.
Which of the following is not a valid reason for sourcing finance for your company during a recession?
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Start up
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Running costs,
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Yachts for the board of directors
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Renewal / replacement e.g. when there is a catastrophe
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Limited expansion
Correct Answer
A. Yachts for the board of directors -
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Current Version
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Jan 07, 2013Quiz Edited by
ProProfs Editorial Team -
Sep 30, 2009Quiz Created by
Sandra Taylor
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