G10 WK9 BUSINESS COSTS FORMULAS REVIEW

• Business Studies
• Secondary Education

What type of business cost is salary for workers?

1. fixed cost
2. variable cost

The total amount of money from selling all the products in a business is called......

1. total cost
2. total revenue

Calculate the average cost in February for Areej juice if:
fixed costs are 5,550 AED, variable costs are 3,300 AED and the total output is 1,500.

1. 2.2 AED
2. 5.9 AED
3. 4,955 AED
4. 8,325 AED

Calculate the variable cost per unit in February for Areej juice if:
fixed costs are 5,550 AED, variable costs are 3,300 AED and the total output is 1,500.

1. 2.2 AED
2. 5.8 AED
3. 4,955 AED
4. 8,325 AED

Calculate the total revenue in February for Areej juice if:
fixed costs are 5,550 AED, variable costs are 3,300 AED, the total output is 1,500 and the selling price is 8 AED.

1. 4,955 AED
2. 8,325 AED
3. 12,000 AED

In February, the total revenue is 12,000 AED and total cost is 8,850 AED. Did Areej juice make a profit (ربح) or loss (فقدان)?

1. profit (ربح)
2. loss (فقدان)

how much profit?