# 5.1 herhaling + 5.2

Welcome back!
1 / 20
Slide 1: Tekstslide
EconomieMiddelbare schoolvwoLeerjaar 3

In deze les zitten 20 slides, met interactieve quizzen, tekstslides en 1 video.

## Onderdelen in deze les

Welcome back!

The quizzz

#### Slide 2 -Tekstslide

Program
1. Recap previous class

2. Check assignments + finish 5.1

3. Explanation 5.2 + assignments

#### Slide 3 -Tekstslide

Lesson goals
You are able to
- calculate the fixed and variable costs of a company
- calculate the break-even sales
- know what costs of personnel include
- what labour productivity is and how it is calculated

#### Slide 4 -Tekstslide

Recap previous class
Explain to each other the following definitions and how these can be calculated

Turnover

Net profit

Operating costs

VAT

#### Slide 5 -Tekstslide

Calculating the netprofit
Turnover = 12,000 X € 5
€ 60,000
Purchase value = 12,000 X € 2
€ 24,000 -
Gross profit
€ 36,000
Operating costs
€ 15,000 -
Net profit (or operating result)
€ 21,000

#### Slide 7 -Tekstslide

VAT is a tax that a business has to pay (when buying inventory) or receives when selling products

The VAT needs to be transferred to the Tax Administration

Consumer price is including VAT, it is mostly 21%

Assignments
Discuss 1 t/m 10

#### Slide 9 -Tekstslide

Fixed and variable costs
Fixed costs = costs that do not depend on the number of products produced

Variable costs = costs that do depend on the number of products produced

Proportional variable costs = if the variable costs increase with the production proportionally (by the same amount)

#### Slide 10 -Tekstslide

At a volume of 10,000 products, the total costs are € 70,000
At a volume of 15,000 products the total costs are € 95,000
Calculate the variable costs per product

#### Slide 11 -Open vraag

At a volume of 10,000 products, the total costs are € 70,000
At a volume of 15,000 products the total costs are € 95,000
Calculate the variable costs per product

Increase in costs/ increase in products
€ 25,000/ 5,000 = € 5

#### Slide 12 -Tekstslide

TC = 40 Q + 12,000
Calculate the total costs at a production volume of 6,000 products

#### Slide 13 -Open vraag

TC = 40 Q + 12,000
Calculate the total costs at a production volume of 6,000 products
Variable costs 40 X 6,000 =€ 240,000
Fixed costs                                €     12,000 +
Total costs                                 € 252,000

#### Slide 14 -Tekstslide

Break even sales
If turnover is equal to all costs --> break-even turnover

Calculate this by:
1 - Total revenue equals totals costs (TR = TC)
2 - Fixed costs : (sales price - variable costs per product)

#### Slide 15 -Tekstslide

Break even sales
Sales price cup of hot chocolate € 2
Variable costs per product € 0.50
Fixed costs € 120
Calculate the number of products you have to sell to break even:
€ 120/ (2 - 0.50) = 80 cups of chocolate

#### Slide 16 -Tekstslide

Assignments
Complete assignments 11 tm 13

#### Slide 17 -Tekstslide

5.2 Personnel and production
Read in silence p. 151 and the bottom on p. 152

After that work on assignment 1 tm 7

#### Slide 19 -Video

Lesson goals
You are able to
- calculate the fixed and variable costs of a company
- calculate the break-even sales
- know what costs of personnel include
- what labour productivity is and how it is calculated