OVERHEAD/OPERATING COST VOCAB

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vocab 4/29

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fernanda

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OVERHEAD/OPERATING COST VOCAB


Froggy Jumps OVERHEAD/OPERATING COST VOCABVersión en línea vocab 4/29 por fernanda 1 The point at which a business’s total sales equal its total expenses; the business has not yet made a profit but has not incurred any losses a Break-even point b Fixed expenses c 2 A one-time purchase a business makes (e.g., land, building, equipment) a Capital expenditure b Cost-based pricing c 3 A pricing method in which the business adds a predetermined markup to the total cost of making the product a Fixed expenses b Cost-based pricing c 4 Loss of value a Gross profit b Depreciation c 5 Cost savings created by increased levels of production a Economies of scale b Price-based costing c 6 Business costs that are not affected by changes in sales volume; also known as fixed expenses a Fixed costs b Variable costs c 7 Operating costs that do not increase or decrease with changes in production; also known as fixed costs a Variable expenses b Fixed expenses c 8 A company’s revenue after subtracting the costs of the products it has sold a Gross profit b Total cost c 9 Expenses that are fixed until the company reaches a certain level of production, then become variable; also called semi-variable costs or semi-fixed costs a Fixed costs b Mixed costs c 10 The ongoing, day-to-day expenses of running a business that are not directly related to production a Operating costs b Mixed costs c 11 A pricing method in which the business determines how much customers will pay for a product, then adjusts costs accordingly a Price-based costing b Semi-fixed costs c 12 The difference between the total cost of a product and its selling price a Clearance b Price markup c 13 An amount a salesperson earns per sale, either a percentage or a flat rate a Sales commission b Total cost c 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 Semi-variable costs b Semi-fixed costs c 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-fixed costs b Semi-variable costs c 16 The sum of the overhead and direct costs required to make a product a Total cost b Total Revenue c 17 Business costs that change according to changes in sales volume; also known as variable expenses a Fixed Costs b Variable costs c 18 Operating costs that fluctuate with changes in production; also known as variable costs a Variable expenses b Fixed expenses c

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OVERHEAD/OPERATING COST VOCAB

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OVERHEAD/OPERATING COST VOCABVersión en línea

por fernanda

The point at which a business’s total sales equal its total expenses; the business has not yet made a profit but has not incurred any losses

A one-time purchase a business makes (e.g., land, building, equipment)

A pricing method in which the business adds a predetermined markup to the total cost of making the product

Loss of value

Cost savings created by increased levels of production

Business costs that are not affected by changes in sales volume; also known as fixed expenses

Operating costs that do not increase or decrease with changes in production; also known as fixed costs

A company’s revenue after subtracting the costs of the products it has sold

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

The ongoing, day-to-day expenses of running a business that are not directly related to production

A 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