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COSTS, SCALE OF PRODUCTION AND
BREAK-EVEN ANALYSIS
HOW ARE COSTS CLASSIFIED?
Fixed costs
Variable costs
Total costs average costs
(Link these to the level of a business’s ou...
CLASSWORK
 Total cost = fixed costs+ total variable costs
 Activity 16.1 pg. 216
 Activity 16.2 pg. 217
 Activity 16.3...
AVERAGE COST
 Average cost = Total cost/ Output
 Using cost data to make simple cost-based
decisions.
 Activity 16.4 pg...
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Costs, scale of production and break even analysis

  1. 1. COSTS, SCALE OF PRODUCTION AND BREAK-EVEN ANALYSIS
  2. 2. HOW ARE COSTS CLASSIFIED? Fixed costs Variable costs Total costs average costs (Link these to the level of a business’s output!)
  3. 3. CLASSWORK  Total cost = fixed costs+ total variable costs  Activity 16.1 pg. 216  Activity 16.2 pg. 217  Activity 16.3 pg. 217
  4. 4. AVERAGE COST  Average cost = Total cost/ Output  Using cost data to make simple cost-based decisions.  Activity 16.4 pg. 219

Costs

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