Overhead/Operating Cost Vocab

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Match the term to its definition.

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Yandel, anderson

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Overhead/Operating Cost Vocab


Froggy Jumps Overhead/Operating Cost VocabVersión en línea Match the term to its definition. por Yandel, anderson 1 The point where total sales equal total expenses, with no profit or loss? a Capital expenditure b Operating costs c Break-even point 2 Which term means a one-time purchase like land, buildings, or equipment? a Depreciation b Gross profit c Capital expenditure 3 Which pricing method adds a predefined markup to total production cost? a Cost-based pricing b Fixed costs c Mixed costs 4 Which term describes the loss of value over time? a Economies of scale b Break-even point c Depreciation 5 Which concept refers to cost savings from higher production levels? a Fixed costs b Economies of scale c Operating costs 6 Which are costs that do not change with sales volume? a Operating costs b Fixed expenses c Fixed costs 7 Which are ongoing costs that don’t vary with production? a Fixed expenses b Gross profit c Capital expenditure 8 Which is a company’s revenue after subtracting the cost of goods sold? a Mixed costs b Operating costs c Gross profit 9 Which costs are fixed until a production level is reached, then become variable? a Mixed costs b Depreciation c Fixed costs 10 Which costs cover day-to-day business operations not directly tied to production? a Operating costs b Break-even point c Capital expenditure 11 pricing method in which the business determines how much customers will pay for a product, then adjusts costs accordingly a Gross profit b Price-based costing c Semi-variable costs 12 The difference between the total cost of a product and its selling price a Price markup b Break-even point c Capital expenditure 13 An amount a salesperson earns per sale, either a percentage or a flat rate a Depreciation b Price markup c Sales commission 14 Expenses that are fixed until the company reaches a certain level of production, then become variable; also called mixed costs or semi-variable costs a Gross profit b Semi-fixed costs c Semi-variable costs 15 Expenses that are fixed until the company reaches a certain level of production, then become variable; also called mixed costs or semi-fixed costs a Semi-variable costs b Price-based costing c Fixed expenses 16 The sum of the overhead and direct costs required to make a product a Total cost b Price markup c Variable Cost 17 Business costs that change according to changes in sales volume; also known as variable expenses a Sales commission b Variable costs c Total cost 18 Operating costs that fluctuate with changes in production; also known as variable costs a Variable expenses b Operating costs c Fixed costs

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Overhead/Operating Cost Vocab

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Overhead/Operating Cost VocabVersión en línea

por Yandel, anderson

The point where total sales equal total expenses, with no profit or loss?

Which term means a one-time purchase like land, buildings, or equipment?

Which pricing method adds a predefined markup to total production cost?

Which term describes the loss of value over time?

Which concept refers to cost savings from higher production levels?

Which are costs that do not change with sales volume?

Which are ongoing costs that don’t vary with production?

Which is a company’s revenue after subtracting the cost of goods sold?

Which costs are fixed until a production level is reached, then become variable?

Which costs cover day-to-day business operations not directly tied to production?

pricing method in which the business determines how much customers will pay for a product, then adjusts costs accordingly

The difference between the total cost of a product and its selling price

An amount a salesperson earns per sale, either a percentage or a flat rate

Expenses that are fixed until the company reaches a certain level of production, then become variable; also called mixed costs or semi-variable costs

Expenses that are fixed until the company reaches a certain level of production, then become variable; also called mixed costs or semi-fixed costs

The sum of the overhead and direct costs required to make a product

Business costs that change according to changes in sales volume; also known as variable expenses

Operating costs that fluctuate with changes in production; also known as variable costs