Costs and Revenues

Which of the following costs are considered FIXED for an enterprise?

• Rent

• Material Costs

• Hourly Paid Wages

• Shipping / Delivery Costs

When calculating the total costs of a business, which TWO costs would you add together?

• Fixed and Variable Costs

• Start-up and Fixed Costs

• Variable and Indirect Costs

• Insurance Costs and Rent

Revenue is calculated using which of the following formulas?

• Units Sold x Price Per Unit

• Equal To Total Profit

• Fixed Costs X Units Sold

• Number Of Units Produced X Price Per Unit

Which of the following costs are considered variable?

• Workers Salaries

• Material Costs

• Insurance Costs

• Deposit On Premises

(Variable Cost Per Unit X Total Units Sold) Is the formula used to calculate which of the following?

• Total Variable Costs

• Total Costs

• Total Revenue

• Total Fixed Costs

Which of the following is a definition of a variable cost?

• Costs Which Vary Over Time

• Costs Which Stay The Same

• Costs Which Vary With The Number Of Units Produced

If Variable Costs Per Unit Are £12 Per Unit, Then The Total Variable Cost For Producing 1000 Products Will Be?

• £120000

• £6000

• £12000

• £1000

The Best Definition Of Fixed Costs Are Costs Which Do Not Change With

• Time

• Seasons

• Output

• Number Of Workers

Which Of The Following Is A Variable Cost For A Cafe?

• Cost Of Food / Drinks Sold

• Rent

• Staff Uniforms

• Furniture

Which Of The Following Is Not A Method Of Increasing Revenue

• Increasing Price

• Increasing Number Of Goods Sold

• Increasing How Often Customers Purchase

• Paying Workers Less