Breaking even

1

What is a business doing at the break-even point?

2

What is a business doing when it sells output beyond the break-even point?

3

On a break-even chart, what line does the the total revenue line meet at the break-even point?

4

On a break-even chart, what is the total cost above the break-even point?

5

What does break-even analysis NOT assume?

6

When does the break-even point change?

7

When does the break-even point fall?

8

What is contribution?

9

If average variable cost is £10, and average selling price is £25, then what is contribution?

10

If the average variable costs £10, average selling price is £25 and fixed costs are £60,000, then what is the break-even output?