Breakeven

Front

These are costs that change as the level of output changes

Back

Variable costs

Front

These costs do not vary with the level of output

Back

Fixed costs

Front

These costs are a mix of fixed and variable elements.

Back

Semi-variable costs

Front

Rent is an example of

Back

Fixed cost

Front

Materials for production are an example of

Back

variable costs

Front

The total amount of money coming into the business from sales of products

Back

Total Revenue

Front

What is the breakeven point?

Back

When Revenue = Costs

Front

This is the total amount of sales expressed as a quantity

Back

Sales in volume

Front

Total costs are calculated as

Back

Fixed costs + Variable costs

Front

What is contribution?

Back

selling price - variable cost per unit