Financial Accounting

1Fixed costs GH¢9,000; selling price GH¢15; variable cost GH¢6. Break-even units are

2Fixed costs are GH¢30,000, the selling price is GH¢50 per unit and the variable cost is GH¢30 per unit. What is the break-even point?

3Opening cash GH¢2,000; expected receipts GH¢15,000; expected payments GH¢18,500. The closing cash balance is

4A budget is

5A cash budget shows

6At break-even point, profit is

7A budget that adjusts to the actual level of activity is a

8Paying workers according to the number of units they produce is

9When actual cost is less than standard cost, the variance is

10The difference between actual sales and break-even sales is the