Reference no: EM132108336
1. An example of a variable cost for a service business is:
Labor rate (hourly or per service performed)
Materials used to perform services
Travel expenses to perform services
All of the above
2. The author of an effective business modeling report would most likely be concerned with:
Ensuring the report is less than five pages in length
Packaging
Maximum use of graphics
All of the above.
3. The variables in break-even analysis are:
volume, cost, and profit
total cost, fixed cost, variable cost
Y, x, and price
total variable revenue and total sales
4. The objective of break-even analysis is:
determine the number of units to produce that will equate total profit with total cost
determine the number of units to produce that will equate total revenue with total cost
determine the number of units to produce that will equate variable cost with fixed cost
determine the number of units to produce to maximize profit