1) Monthly rent for the factory is £1200. Business pays rent every three months in advance. This is an example for: a) Variable cost b) Fixed cost c) Semi-variable cost d) Total cost 2) The factory supervisor gets paid £1800 per month and £0.35 for every completed production units in his section. This is an example for:  a) Variable cost b) Fixed cost c) Semi-variable cost d) Total cost 3) A taxi company spent £4200 for petrol during the month of February 2026.  a) Fixed cost b) Variable cost c) Semi-variable cost d) Total service cost 4) Production workers get paid based on piece-work method. The rate of payment is £1.80 for every unit they produced.  a) Fixed cost b) Variable cost c) Semi-variable cost d) Total labour cost 5) What is the cost depicted in this graph? a) Total variable cost b) Total fixed cost c) Semi-variable cost d) Unit variable cost 6) What is the cost depicted in this graph? a) Total variable cost b) Total fixed cost c) Semi-variable cost d) Fixed cost per unit 7) What is the cost depicted in this graph? a) Total variable cost b) Total fixed cost c) Semi-variable cost d) Fixed cost per unit 8) Identify the cost behaviour described below. 'Costs are £37500 when 7500 units are made and, £62500 when 12500 units are made.' a) Fixed cost b) Variable cost c) Semi-variable cost d) Stepped cost 9) Identify the cost behaviour described below. 'Costs are £2 per unit when 7500 units are made and £1.20 per unit when 12500 units are made'. a) Fixed cost b) Variable cost c) Semi-variable cost d) Stepped cost 10) Identify the cost behaviour described below. 'Costs are £50000 when 7500 units are made and £80000 when 12500 units are made'. a) Fixed cost b) Variable cost c) Semi-variable cost d) Stepped cost

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