TEST 1 OMGT KELLER QUESTIONS
AND ANSWERS
If cost increases then profit - Correct Answers -Must decrease
If break even is 100 units, when price is 15 and Variable cost is 10, then fixed costs
are? - Correct Answers -Between 250 and 750
if profit is more than 1000 when fixed costs are 5000 when producing 100 units, then
variable costs are? - Correct Answers -Not enough information
If the EXCEL formula =A3+B2 is copied from one cell to another cell located 3 rows
down and two columns to the right, the resulting formula will be ... - Correct Answers -=
c6+d5
What is the result from the EXCEL formula =COUNT(Location)? - Correct Answers -0
What is the result from the EXCEL formula =COUNTA(Y)? - Correct Answers -none of
the other answers
If profit = 1500 and revenue = 1000. then what is cost - Correct Answers --500
If the break-even point is 2000 units when fixed cost is $2000 and the variable cost is
$10, then the price is? - Correct Answers -11
If price is $50, variable cost is $25, and fixed cost is $1000, then what is Profit for a
production quantity of 1000 units? - Correct Answers -24000
If the break-even point is 1000 units when fixed cost is $1,000 and the variable cost is
$5, then the price is? - Correct Answers -More than $4 but less than $24.
If fixed costs decrease then the break-even point ... - Correct Answers -Must decrease
If Profit = 1000 and Cost = 500, then what is Profit? - Correct Answers -1000
If price is $40, variable cost is $20, and fixed cost is $1500, then what is Profit if the
quantity sold is 50 units? - Correct Answers -Between -$1000 and +$1000
What is the break-even point when fixed costs are $2000, price is $20 and variable
costs are $10? - Correct Answers -Less than 250 units
AND ANSWERS
If cost increases then profit - Correct Answers -Must decrease
If break even is 100 units, when price is 15 and Variable cost is 10, then fixed costs
are? - Correct Answers -Between 250 and 750
if profit is more than 1000 when fixed costs are 5000 when producing 100 units, then
variable costs are? - Correct Answers -Not enough information
If the EXCEL formula =A3+B2 is copied from one cell to another cell located 3 rows
down and two columns to the right, the resulting formula will be ... - Correct Answers -=
c6+d5
What is the result from the EXCEL formula =COUNT(Location)? - Correct Answers -0
What is the result from the EXCEL formula =COUNTA(Y)? - Correct Answers -none of
the other answers
If profit = 1500 and revenue = 1000. then what is cost - Correct Answers --500
If the break-even point is 2000 units when fixed cost is $2000 and the variable cost is
$10, then the price is? - Correct Answers -11
If price is $50, variable cost is $25, and fixed cost is $1000, then what is Profit for a
production quantity of 1000 units? - Correct Answers -24000
If the break-even point is 1000 units when fixed cost is $1,000 and the variable cost is
$5, then the price is? - Correct Answers -More than $4 but less than $24.
If fixed costs decrease then the break-even point ... - Correct Answers -Must decrease
If Profit = 1000 and Cost = 500, then what is Profit? - Correct Answers -1000
If price is $40, variable cost is $20, and fixed cost is $1500, then what is Profit if the
quantity sold is 50 units? - Correct Answers -Between -$1000 and +$1000
What is the break-even point when fixed costs are $2000, price is $20 and variable
costs are $10? - Correct Answers -Less than 250 units
