Free Exam: 2011 (Pricing - Break Even Point)
Number of Questions in Test: 1
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Tammy opens a business designing and producing jeans to be sold at Jean Machine. Each pair costs her $12 to make and she sells them to Jean Machine for $60. The fixed costs to run her business are $96,000.
a) What is her [i]Gross Profit[/i]?
b) What is her [i]Break-Even Point[/i]?
c) What does this [i]Break-Even Point[/i] mean?
d) On the graph paper provided graph the following:
-Revenue
-Variable Costs
-Fixed Costs
-Total Costs
-Circle where the Break-Even Point occurs
-[u]Label every line and your axes[/u]
a) What is her [i]Gross Profit[/i]?
b) What is her [i]Break-Even Point[/i]?
c) What does this [i]Break-Even Point[/i] mean?
d) On the graph paper provided graph the following:
-Revenue
-Variable Costs
-Fixed Costs
-Total Costs
-Circle where the Break-Even Point occurs
-[u]Label every line and your axes[/u]
| Type: | Essay |
| Points: | 10 |
| Randomize answers: | No |