Break-Even
Quiz
•
Education
•
11th Grade
•
Practice Problem
•
Hard
Carissa Ramnarine
Used 64+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
At the break-even point which of the following is true?
Total revenue > total cost
Total revenue = total cost
Total cost > total revenue
Total cost = 0
2.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
If Mr. Edwards had a fixed cost of $500 and a variable cost of $5 per chair and he produced 20 chairs. His total cost would be
$500
$550
$600
$505
3.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
The formula for total cost =
Fixed cost x variable cost
Fixed cost - variable cost
Variable cost - fixed cost
Fixed cost + variable cost
4.
FILL IN THE BLANK QUESTION
1 min • 5 pts
Fixed costs are costs that do no change with
5.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
The formula for margin of safety =
Actual sales - break even
Total cost - Total revenue
Break-even - actual sales
Total revenue - total cost
6.
FILL IN THE BLANK QUESTION
3 mins • 5 pts
7.
FILL IN THE BLANK QUESTION
3 mins • 5 pts
NWA needs to provide flights for ___ customers to break-even
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