Topic Four, Part 2 - Break Even Flashcards by Marshall Blanc | Brainscape

Q

What are variable costs?

A

Change depending on output

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Q

Is rent a fixed or variable cost?

A

Fixed

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Q

Are electricity costs a fixed or variable cost?

A

Variable

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Q

Is overtime pay a fixed or variable cost?

A

Variable

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Q

Are raw materials a fixed or variable cost?

A

Variable

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Q

Is machine maintenance a fixed or variable cost?

A

Variable

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Q

Are managers salaries a fixed or variable cost?

A

Fixed

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Q

What is the formula for total costs?

A

Fixed costs + variable costs

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Q

What is the formula for sales revenue?

A

Selling price x number of units sold

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