1) What is the X axis labelled as? a) Output or Units b) £ c) Revenue d) Sales 2) What is the Y axis labelled as? a) £ Costs/sales b) Output/ units c) Units sold d) Revenue 3) What is the break even formula? a) Fixed costs / Selling price - variable costs per unit b) Fixed costs - Contribution per unit c) Selling price - variable costs per unit d) Fixed costs - variable costs 4) What is the formula for contribution per unit? a) Selling price x units sold b) Selling price - variable costs per unit c) Fixed costs - variable costs d) Total costs - variable cots 5) If i make 100 items my fixed costs are £1000, what are my fixed costs if a make zero? a) 1000 b) 100,000 c) 0 d) 10,000 6) What is the formula for revenue? a) Total costs x units sold b) Gross profit - net profit c) selling price x units sold d) Net profit - gross profit 7) What is the formula for total costs? a) Revenue - total costs b) Fixed costs + variable costs c) Selling price + fixed costs d) units sold x variable costs 8) What is the formula for margin of safety? a) Actual sales - break even b) Break even - actual sales c) Revenue - break even d) fixed costs -break even 9) If i sell my item for 10p and i sell 1,000 units - what is my revenue? a) 1,000 b) 10 c) 100 d) 10,000 10) Where should the fixed cost line be in relation to my page? a) Near the top b) ??? c) near the bottom d) 1/3 way up 11) Where should the break even point in relation to my page? a) half way along the bottom b) Bottom right c) Bottom left d) Doesn't matter 12) How do you know if you have done the total costs line correctly? a) Work it out b) Same as break even c) It is parallel with the Variable costs line d) goes to the end 13) My supplies cost me 50p, 50p and £2 - how much does it cost me to make 1000 items? a) 3,000 b) 3 c) 300 d) 3232 14) What two areas do you shade near the end of the completion? a) Profit and loss b) Revenue and loss c) Total costs and fixed costs d) All costs 15) How do i plot the variable costs line a) Number of units x variable costs per unit b) total costs - fixed costs c) Revenue x units sold 16) How do i plot the total costs line a) Add the variable cost value to the fixed cost value for the amount of units  b) Add revenue to fixed costs c) Add variable costs to break even

Break even

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