Quiz: Contribution and Special Order Decisions
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned about special orders, let's test your understanding of contribution and how it helps in decision-making!
What does 'contribution' mean in business decision-making?
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Contribution per unit is calculated as selling price per unit minus {{blank0}} per unit.
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If the selling price per unit is £25 and the variable cost per unit is £15, what is the contribution per unit?
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Which of the following factors should businesses consider when evaluating a special order? (Select all that apply)
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Match the items on the left with their correct pairs on the right
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A special order has a selling price of £30 per unit and variable costs of £20 per unit. Fixed costs are unchanged. Should the business accept this order?
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Match the items on the left with their correct pairs on the right
What is the primary purpose of calculating contribution?
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A business should accept a special order if it generates a {{blank0}} contribution.
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If a business has fixed costs of £5,000 and a contribution of £1,000 per order, how many orders are required to break even?
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