Post Utme Bowen University 2020 Commerce Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2020 Commerce Objective / Multiple Choice
Question 27 POST_UTME_BOWEN_UNIVERSITY • 2020 • COMMERCE • objective

A firm's break-even point is the point at which its total revenue equals its total fixed and variable costs. Which of the following is a correct formula for calculating the break-even point?

Answer Options

Correct Answer A. Break-even point = Total fixed costs / (Selling price - Variable costs)
B. Break-even point = Total fixed costs + Variable costs
C. Break-even point = Total revenue / Total fixed costs
D. Break-even point = Total revenue - Total fixed costs
Correct Answer
A
Correct Option:
Break-even point = Total fixed costs / (Selling price - Variable costs)

About This Question

This is Post Utme Bowen University 2020 Commerce Question 27. It is one of the objective questions from the 2020 Post Utme Bowen University Commerce examination.

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