Chapter 28, Break Even Analysis Flashcards by Joshua Crummack | Brainscape

Q

Break even

A

the point where total revenue is equal to or covers total costs

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Breakeven formula

A

Fixed costs / Contribution per unit

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Margin of Saftey

A

the difference between the actual level of output and the breakeven level

How well did you know this?

1

Not at all

2

3

4

5

Perfectly