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ScotlandBusiness ManagementQuick questions
Management of People and Finance
Quick questions on Costs, break-even point and margin of safety - SQA National 5 Business Management
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
State the difference between a fixed cost and a variable cost. [2 marks]
What is q2?Show answer
A product sells for , variable cost is , fixed costs are . Calculate the break-even point. [3 marks]
What is q3?Show answer
If the firm in Q2 sells 650 units, calculate the margin of safety. [2 marks]
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