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Break Even Point
Test Description: This is a short quiz about the topic of 'Break Even Point'.
Instructions: Answer all questions to get your test result.
1) What counts to Fixed Costs?
A
overtime pay
B
rent for the office
C
shipping charges
D
labor costs
2) How do you calculate the Break Even Point in Units?
A
Price / (Fixed Costs - Variable Costs)
B
Fixed Costs / (Price - Variable Costs)
C
(Price - Variable Costs) / Fixed Costs
D
Variable Costs / (Price - Fixed Costs)
3) What is the Break Even Point?
A
... the point at which fixed cost and variable cost are not equal.
B
... the point at which fixed cost and variable cost are equal.
C
... the point at which total cost and total revenue are equal.
D
... the point at which total cost and total revenue are not equal.
4) Company: 50,000 break even point in units. 60,000 $ fixed costs. 0.80 $ variable costs. Calculate the Total Costs!
A
80,000 $
B
120,000 $
C
48,000 $
D
100,000 $
5) What counts to Variable Costs?
A
Advertising
B
Rent for the office
C
Monthly salary
D
Maintenance of machinery
6) Fixed Costs= $ 4,000; VC per sale = $ 1.50; Selling Price = $ 4.00; Calculate the Break Even Point in Units!
A
160 units
B
200 units
C
1,600 units
D
2,000 units
7) Fixed Costs= $ 4,000; VC per sale = $ 1.50; Selling Price = $ 4.00; Calculate the revenue earned at the break even sales (1,600 Units is the Break Even Point)
A
$ 6,200
B
$ 6,300
C
$ 6,000
D
$ 6,400
8) A company sells 900 units/month at $49.99 each, with an $18.12 per-unit cost and $2,175 monthly fixed costs. Calculate the profit of the company!
A
$ 25,508
B
$ 25,000
C
$ 26,000
D
$ 26,508
9) Zyleron Corp. shows monthly fixed costs of $37,210 and a per-unit cost of $34.79. It sells 275 units in a month. What is the minimum price Zyleron Corp. must sell each unit for to break even?
A
$ 171.10
B
$ 172.10
C
$ 173
D
$ 170.10
10) At the Break Even Point ...
A
the company makes loss.
B
the company makes profit.
C
the company sells 100 units.
D
the company makes no loss or profit.
*select an answer for all questions
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