# 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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