# 3.03 Pricing Strategies Part 2: Question Preview (ID: 25704)

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The formula for calculating break-even for a product is |
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a) BP=SVC/VCM | b) BP =FC / VCM | c) Cost=Sales-Revenues | d) Cost=BP/Sales | |

Formula for calculating the variable cost per unit |
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a) BP=FC/VCM | b) #of units =break even | c) variable cost/# of unit | d) variable cost - break even | |

Formula to find the variable cost margin |
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a) selling price per unit - variable cost per unit | b) total cost / cost per unit | c) total sales + fixed cost | d) Selling price per unit - the discount price | |

The variable cost for a product is $3.00 and the total fixed costs are $288,000. The company sells the products for $6.00 each. How many products will the company have to sell to break even? |
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a) 4,800 | b) 32,000 | c) 48,000 | d) 96,000 | |

Determine a firm's break-even point in units, given the following information: total fixed cost, $4,000; variable cost per unit, $20; and selling price per unit, $100. |
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a) 50 units | b) 80 units | c) 100 units | d) 500 units | |

A soccer camp provides five leaders at $8 per hour for eight hours a day for five days. If fringe benefits are 20% of the wages and supplies total $650, calculate the cost per person if 40 players attend. |
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a) $64.25 | b) $48.00 | c) $56.25 | d) $32.25 | |

A business purchases a line of items for resale that cost $12.32 each. Expenses total $1.65 per item. What is the break-even price per item? |
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a) $14.71 | b) $14.26 | c) $13.97 | d) $14.92 | |

A business decides to produce 6,000 football cushions and sell them for $6.00 each. They cost the company $4.00 each to produce. How many cushions must the company sell to break even? |
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a) 4,000 | b) 3,000 | c) 600 | d) 6,000 | |

Given the following information, calculate the break-even point in dollars: Total fixed costs = $20,000; Unit selling price = $100; Unit variable cost = $60. |
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a) 55000 | b) 50000 | c) 500 | d) 5000 | |

A product's selling price is $430 per unit, and the number of units required to reach the break-even point is 2,100. Calculate the total dollar sales the business needs to break even. |
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a) $890,000 | b) $4.88 per unit | c) $903,000 | d) $.21 per unit | |

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