costs, revenue and profit 3.0 / 5 based on 1 rating ? Businesscosts revenue and profitBTEC NationalAll boards Created by: edalleyCreated on: 31-03-18 12:26 what is the formula for variable costs? variable cost per unit x no.made/sold 1 of 14 what is the formula for total costs? fixed costs + variable costs 2 of 14 what are fixed costs? costs that do not change each month depending on how many products are made/sold 3 of 14 what are variable costs? costs that change each month depending on how many products are sold/made 4 of 14 what is a start up cost? the costs a business first pays out when they are first setting up 5 of 14 what is a direct cost? expenses that directly relate to making a product 6 of 14 what is a indirect cost? costs that can't be directly related to the making of a product 7 of 14 a business has to pay start up costs each year? false 8 of 14 what is sales revenue? money that a business makes from selling goods or services 9 of 14 what is the formula for sales revenue ? price x quantity sold 10 of 14 what is expenditure? all the money that a business spends 11 of 14 what is capital expenditure? is the money spent on assets that will be used for a long time 12 of 14 what is revenue expenditure? the money spent on a businesses day to day costs 13 of 14 what is a overhead? another type of expenditure, not linked to producing good and services but need to be ;aid 14 of 14
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