2.2.2 sales, revenue and costs

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Last updated 9:41 AM on 4/20/26
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12 Terms

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Sales volume calculation

Sales revenue/selling price

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Sales revenue calc

Selling price x sales volume

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Fixed costs

Costs that don’t vary with level of output

4
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Fixed cost examples

Rent

Loan

Insurance

Salaries of managers

5
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Variable costs

Costs that do vary with level of output

6
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Variable costs examples

Costs of stock sold

Raw materials

Fuel

Packaging

Wages of staff

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Total Variable cost formula

Average variable costs x quantity sold

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Total costs

Variable + fixed costs

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12
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