break even Flashcards
(4 cards)
1
Q
what is the break even point
A
where sales= expenses
2
Q
what is fixed costs
A
costs that remain the same regardless of the number of units produced like rent, insurance
3
Q
what is variable costs
A
costs that change depending on how much is produced like raw materials, electricity,
4
Q
what is total costs
A
fixed costs + variable costs
