1) Which of these are a Fixed Cost for a local bakery? a) Rent b) Milk c) Cupcake cases d) Flour e) Eggs f) Hourly paid staff 2) Which of these are a Variable Cost for a local bakery? a) Rent b) Electricity c) Salary of Manager d) Flour e) Eggs f) Lease for Vehicle 3) What is the correct Break Even Formula? a) Fixed Costs divided by Selling Price - Variable Costs b) Fixed Costs - Selling Price divided by Variable Cost c) Fixed Costs + Variable Costs 4) What is Break Even? a) When Sales Revenue = Total Costs b) Something breaks in equal parts c) When Fixed Costs = Variable Costs

Break Even Quiz

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