Labour costs, budgets and break-even

Question 1 of 10

Fixed costs GH¢30,000; C/S ratio 40%. Sales needed for a profit of GH¢10,000 are

Question 2 of 10

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

Question 3 of 10

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

Question 4 of 10

Fixed 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?

Question 5 of 10

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

Question 6 of 10

Paying workers according to the number of units they produce is

Question 7 of 10

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

Question 8 of 10

At break-even point, profit is

Question 9 of 10

A budget is

Question 10 of 10

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