Scholastic Year

2022/2023

Business Worksheet 4 Model Answer

Student’s Name: Date: / 11 /2023
Topic: Cost / Profit calculations Grade: 10th Section: W,H
Lesson Determine cost (fixed / variables)
Objectives Calculate total cost and profit
Cost Calculations
Total Cost = Fixed Cost + Total Variable Cost

 Total Variable Cost = Variable Cost per unit × No. of units (quantity)
 Average Total Cost = Total cost / No. of units (quantity)
Scholastic Year
2022/2023

Answer

Total Cost = Fixed Cost + Variable Cost

So, Fixed Cost = Total Cost – variable Cost
= 80 – 20 = 6 0 for all levels of output
So the answer will be C

Answer

Profit = Revenue – Total Cost

So, the answer will be D

Because the revenue when the business sell

40 units = 30 and the total cost = 30
So 30 – 21 = $9
Higher than all of them

Note: A is a break-even case

Scholastic Year
2022/2023

Answer

Total Cost = fixed cost – variable Cost

So, the answer will be A
Because the distance from z to x represent the
variable cost and the distance from x to w is
the added fixed value.

Answer

The answer will be B

Because total cost for 20 units produces =
120 and the revenue for 20 units
produces will be 120
Revenue = selling price × No. of sold units
6 × 20 = $120
Scholastic Year
2022/2023

Answer

The answer will be A

 Revenue = No. of units × Selling Price

= 4 × 500 = $2000
Fixed Cost is given in the question: $1000
Variable cost for 4 units = $350
 Total Cost = fixed cost + variable cost

1000 + 350 = $1350

Now Profit Formula is:

 Profit =Revenue – Total Cost

= 2000 – 1350 = $650