Other questions in this quiz

2. What is the formula for revenue

  • price x quantity sold
  • profit x fixed cost
  • cost of sales x price
  • profit- sales

3. What is a margin of safety

  • where sales can increase from their current level
  • the amount by which sales can fall from their current level before reaching the break-even point
  • A margin used to keep profit safe

4. Which one of these is an example of a variable cost

  • Raw materials
  • Rent
  • employees salary

5. the formula for contribution per unit

  • Fixed Costs ÷ (selling price per unit- variable cost per unit)
  • selling price per unit- variable cost per unit
  • Variable cost x fixed costs + profit

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