Learning outcomes
Types of business costs
Graphs of business costs
Introduction to break-even
Finding the break-even point - activity
Break-even point by graph
Conclusion
Glossary
Costing
Glossary
Fixed costs
:
costs which do not change as the quantity of goods produced changes
Variable costs
:
costs which change as the businesss output increases
Total costs
:
the sum of the total costs and variable costs of a business
Break-even point
:
the point at which a businesss total costs are equal to its sales revenue. The business is not yet making a profit or a loss
(c) learnthings ltd 2002
