Cost and Revenues Quiz by Shubhrata Shrestha | Aug 27, 2025 | 0 comments Cost and Revenues Quiz 1. Which of the following is a fixed cost? A) Raw materials B) Rent C) Packaging D) Wages paid per hour None 2. Variable costs: A) Remain unchanged regardless of output B) Increase as output increases C) Are always fixed in nature D) Do not affect total cost None 3. Which of the following is a direct cost for a bakery? A) Manager’s salary B) Oven electricity bill C) Flour for baking bread D) Office stationery None 4. Indirect costs are also referred to as: A) Fixed costs B) Variable costs C) Overheads D) Sales revenue None 5. Total Costs (TC) are calculated as: A) TC = TR – Profit B) TC = FC + VC C) TC = Price × Quantity D) TC = FC × VC None 6. Total Revenue (TR) is calculated using the formula: A) TR = FC + VC B) TR = Price × Quantity Sold C) TR = Profit – Costs D) TR = Assets – Liabilities None 7. A coffee shop sells 200 lattes at $4 each. What is the total revenue? A) $400 B) $600 C) $800 D) $1,200 None 8. Which of the following is an example of a revenue stream other than sales? A) Rent B) Sponsorships C) Raw materials D) Packaging None 9. If fixed costs = $500 and variable costs per unit = $2, what are the total costs at 100 units? A) $200 B) $500 C) $700 D) $1,200 None None Time's up Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ
