sales revenue and costs R

Question 1

what is sales volume and equation?

Answer 1

• sales volume is the number of units/items sold
• sales volume = revenue/price

Question 2

what is sales revenue and equation?

Answer 2

• sales revenue refers to the value of the units/items sold by a business
• sales revenue = selling price X sales volume

Question 3

fixed costs and examples

Answer 3

• costs that dont change
• rent, salaries, interest on loan

Question 4

variable costs and examples

Answer 4

• cost that changes in relation to output/sales
• raw materials, packaging