A fast food restaurant sells meals for Rs . 6 each . The variable cost of preparing and serving each meal is Rs . 2 . The monthly fixed costs of the restaurant amount to Rs . 3600 . How many meals should be sold each month for the restaurant to break even ?
1000 units
500 units
900 units
100 units
Total revenue is the product of quantity sold and.
Price
Wages
Cost
Volume
The point where total costs and total revenue cross .
Breakeven point
Loss
Safety margin
Profit
The difference between a budgeted figure and the actual figure.
Variance
Forecasts
Master budget
Contribution
What are fixed costs otherwise called?
Variable cost
Semi variable cost
Break even cost
Overhead cost
Which of the following form of control is variance analysis?
Budgetary
None of the above
Calculate the total revenue raised by selling 2,000 items priced Rs.30 each .
Rs . 60,000
Rs.75,000
Rs . 1,20,000
Rs 2,00,000
What is the break - even chart used for ?
To draw random graphs
To play with money
To compare costs with revenue
To do something with it
All businesses should plan for the.
Present
Past
Future
The selling ptice of a product is Rs . 15 .And the variable cost of production is Rs . 8 . Calculate the contribution .
Rs . 30
Rs . 120
Rs . 23
Rs . 7
