Name: Date: Concepts Review 1.Define unit of sale. 2.Explain why a unit of sale is not the same for every business. 3.How do you calculate the
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Name:  Date: Concepts Review 2.        Explain why a unit of sale is not the same for every business.

1.        Define unit of sale.

3.        How do you calculate the contribution margin?


4.        How do you calculate the EOU for a manufacturing business (vs. other types of businesses)?


5.        How do you calculate the EOU for a retail business (vs. types of businesses)?


6.        How do you calculate the EOU for a service business (vs. other types of businesses)?


7.        List four options for determining the cost per unit for a range of similar products.


8.        How is Cost of Services Sold calculated for the service business that does not use supplies to perform the service?


9.        How is Cost of Services Sold calculated for a service business that uses supplies to perform the service?


10.    If the owner of a service business doesn't actually provide the service, cant he owner make money?

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