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Break-Even Chart
This is a diagrammatic presentation of the relationship among costs, prices, expenses and the sales volume.
A break-even chart expresses revenue and expenses and costs on the vertical scale. The horizontal scale shows volume such may represent units of sales, machine hours or direct labour hours or other appropriate cost drivers.
Break-even chart displaying contribution margin
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Q. A firm's total cost function is given by TC = 2Q 2 + 10. What are the firm's fixed cost, variable cost, average fixed cost, average variable cost, and marginal cost functions?
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Extracts from P Co''s records for last month are as follows: BUDGET ACTUAL PRODUCTION 7,000 UNITS 7,200 UNITS Direct Material $42,000 $42,912 Calculate
on june 2005 20 units of the product in stock the following is extracted from the companys books direct material-200 per unit,direct labour 150 per unit, variable production overhe
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