Variable costs - Costs that change depending on how many units of a product are made, Total costs - Fixed and variable costs added together, Total revenue - Selling price x units sold, Profit - When sales minus expenses has a balance above zero, Loss - When sales minus expenses has a balance below zero, Break even - Total costs = Total revenue, Fixed costs - Costs that do not vary with the amount produced, Contribution - Selling price minus variable costs, Selling price - Sales revenue divided by units, Break even point formula - fixed costs divided by contribution, Variable cost per unit - Total cost minus fixed cost divided by sales revenue,

Break-Even

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