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

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The formula for calculating break-even for a product is
a) BP=SVC/VCM b) BP =FC / VCM c) Cost=Sales-Revenues d) Cost=BP/Sales
Formula for calculating the variable cost per unit
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
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?
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.
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.
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?
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?
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.
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.
a) $890,000 b) $4.88 per unit c) $903,000 d) $.21 per unit
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