Breakeven Flashcards
1
Q
Total variable costs
A
Variable cost per unit x number produced
2
Q
Total costs
A
Total variable costs+ Fix costs
3
Q
Total revenue
A
Selling price per unit x number sold
4
Q
Total contribution
A
Total sales revenue - total variable costs
5
Q
Contribution per unit
A
Selling price per unit -variable cost per unit
6
Q
Breakeven point
A
Fix costs / contribution per unit
7
Q
Margin of safety
A
Actual output level-break even level of output
