Breakeven ( not finished) Flashcards
1
Q
What does a breakeven chart show?
A
How much products you need to sell
2
Q
What do you need to know to draw a break even chart?
A
Fixed costs, variable costs and selling price
3
Q
How do you work out the total cost in a break even chart?
A
Fixed cost + Variable cost
4
Q
How do you work out the total revenue in a break even chart?
A
Total cost - profits
5
Q
What is breakeven?
A
Where the firm will just cover its costs. If it sells more, they will make a profit. If they sell less, they will make a loss.
