The break-even point is that level of activity where:Select one:Oa. profit equals to zero.Ob. total contribution margin equals the sum of variable cost plus fixed cost.Oc. variable cost equals fixed cost.d. sales revenue equals total variable cost.Oe. total revenue equals total fixed cost.Ne

Break-Even Point: It is the point of sales at which entity neither earns a profit nor suffers a…

The break-even point is that level of activity where: Select one: O a. profit equals to zero. O b. total contribution margin equals the sum of variable cost plus fixed c O C. variable cost equals fixed cost. sales revenue eguale tetalvariabl

The break-even point is that level of activity where: Select one: O a. profit equals to zero. O b. total contribution margin equals the sum of variable cost plus fixed c O C. variable cost equals fixed cost. sales revenue eguale tetalvariabl

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The break-even point is that level of activity where:
Select one:
Oa. profit equals to zero.
Ob. total contribution margin equals the sum of variable cost plus fixed cost.
Oc. variable cost equals fixed cost.
d. sales revenue equals total variable cost.
Oe. total revenue equals total fixed cost.
Ne

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In describing the cost formula equation, Y = a +bX, which of the following is correct: Multiple Choice O O O "Y" is the independent variable. "a" is the variable cost per unit. "a" and "b" are valid for all levels of activity. in the high-low method, "b" equals the change in cost divided by the change in activity.
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