Breakeven

These are costs that change as the level of output changes

• Fixed costs

• Variable costs

• Semi variable costs

These costs do not vary with the level of output

• Fixed costs

• Variable costs

• Semi-variable costs

These costs are a mix of fixed and variable elements.

• Fixed cost

• Variable costs

• Semi-variable costs

Rent is an example of

• Fixed cost

• Variable cost

• Semi variable cost

Materials for production are an example of

• Fixed costs

• variable costs

• Semi-variable costs

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

• Selling price per unit

• Sales in volume

• Total Revenue

What is the breakeven point?

• The amount of sales a business predicts

• When Revenue = Costs

• The sales a business makes halfway through the year

This is the total amount of sales expressed as a quantity

• Sales in value

• Total Revenue

• Sales in volume

Total costs are calculated as

• Fixed costs

• Fixed costs + Variable costs

• Fixed costs - Variable costs

What is contribution?

• variable cost

• selling price - variable cost per unit

• selling price - total costs