00 MAONG TO IMPROVE FINANCIAL PERFORMANCE MCO TEST What are fed costs of a business makes a profit for the year of E400,000 after turnover of $50,000 and variable costs of 225,000 A 225,000 8 (625,000 C 425,000 D 450,000 oo oo Which of the following variances should contribute to a firm achieving a higher operating profit than expected? A Favourable cash flow variance B Favourable cost variance C Adverse cost variance D Adverse revenue variance oo oo By how much would profit change if revenues rose by 150,000, variable costs increased by 75,000 and fixed costs fell by 25,000? A 25,000 B 50,000 C 75,000 D 100,000 oo o o An internal influence on a firm's financial objective would be: A Competitor strategy B Economic conditions The nature of business ownership D Changes in the political & social environment o o o o 1 mark