2 marks
Q1(f) Work out a firm's monthly total costs from fixed costs of EUR37 000, variable costs of EUR170 per unit and output of 650 units.
Edexcel · 4EC1
Business costs comes up in 22 questions across the Edexcel International GCSE past papers (4EC1), worth 36 marks between them. They run from 2019 to 2025 and appear on iGCSE Paper 1, iGCSE Paper 1R.
Tariffs run from 1 to 2 marks. The commonest instructions are Calculate (14), Calculate (MCQ) (5), Identify (MCQ) (3). Specification points covered: 1.2.3.
Q1(f) Work out a firm's monthly total costs from fixed costs of EUR37 000, variable costs of EUR170 per unit and output of 650 units.
Q2(b) Multiple choice picking the average cost formula.
Q2(c) Work out a firm's total variable costs for September from the figures given.
Q4(a) Work out the daily total cost of transporting goods from the vehicle hire figures given.
Q4(a) Work out total variable costs from the machine production figures given.
Q2(d) Work out the firm's total fixed costs for March.
Q1(f) Work out the firm's monthly total variable costs from the figures given.
Q1(b) Multiple choice identifying what the $1740 gap between total and fixed costs represents.
Q2(d) Work out the firm's monthly total costs.
Q2(d) Work out average cost per unit at an output of 3 000 units.
Q2(d) Work out the firm's monthly total costs.
Q1(b) Multiple choice identifying which cost or revenue figure equals $400.
Q2(d) Work out the firm's monthly total variable costs.
Q1(f) Work out the firm's monthly total costs.
Q2(b) Multiple choice picking the average cost formula.
Q2(d) Work out the firm's total variable costs for May.
Q2(c) Work out the firm's total fixed costs for November.
Q1(b) Multiple choice working monthly fixed costs from $1.25m total costs and $100 per unit at 5 000 units.
Q3(b) Multiple choice picking the average cost equation.
Q1(b) Multiple choice working monthly total costs from $40 000 fixed costs and $150 per unit at 1 000 units.
Q1(f) Work out average cost per unit at an output of 2 000 units.
Q1(b) Multiple choice working monthly total variable costs from $150 000 total and $90 000 fixed costs.
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