Knowledge Check - BE Formulas

Total Contribution = Total sales - .......................
A
Total Fixed Cost
B
Total Variable Cost
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Slide 1: Quiz
Business StudiesFurther Education (Key Stage 5)

This lesson contains 7 slides, with interactive quizzes.

time-iconLesson duration is: 15 min

Items in this lesson

Total Contribution = Total sales - .......................
A
Total Fixed Cost
B
Total Variable Cost

Slide 1 - Quiz

Formula for Contribution per unit
A
Sales per unit - Variable Cost per unit
B
Sales per unit - Fixed Cost per unit
C
Total Sales - Total cost

Slide 2 - Quiz

Formula for BEP
A
Fixed Cost/ Sales per unit
B
Fixed Cost / Contribution per unit
C
Fixed Cost / Variable cost per unit

Slide 3 - Quiz

Total Costs = Total FC + .........................
A
Variable Cost
B
Total Variable Cost
C
Total Expenses

Slide 4 - Quiz

Total Revenue = ............................... x No. of
units sold
A
Selling price per unit
B
Variable cost per unit
C
Fixed cost per unit

Slide 5 - Quiz

What is the Golden Formula for Profit ?
A
Profit = (P x Q) – (FC + TC)
B
Profit = (P x Q) – (FC + TR)
C
Profit = (P x Q) – (FC + VC)

Slide 6 - Quiz

Margin of Safety = Actual Sales – ............................

A
Total Sales
B
Break-even Sales

Slide 7 - Quiz