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The breakeven point is:   Multiple Choice The sales volume at which the total contribution margin exceeds total variable costs. The sales volume at which revenues equal total cost plus an operating profit of zero. The sales volume at which revenues equal fixed cost and profit is zero. The sales volume at which revenues equal variable cost and profit is zero. The point at which revenues meet the budget target.

The breakeven point is:   Multiple Choice The sales volume at which the total contribution margin exceeds total variable costs. The sales volume at which revenues equal total cost plus an operating profit of zero. The sales volume at which revenues equal fixed cost and profit is zero. The sales volume at which revenues equal variable cost and profit is zero. The point at which revenues meet the budget target.

FINANCIAL ACCOUNTING
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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The breakeven point is:

 

Multiple Choice

  • The sales volume at which the total contribution margin exceeds total variable costs.

  • The sales volume at which revenues equal total cost plus an operating profit of zero.

  • The sales volume at which revenues equal fixed cost and profit is zero.

  • The sales volume at which revenues equal variable cost and profit is zero.

  • The point at which revenues meet the budget target.

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