1) Selling Price - Variable Cost= a) Total Contribution b) Fixed Costs c) Profit or Loss d) Contribution 2) Total Contribution - Fixed Costs= a) Profit or Loss b) Margin of Safety (£) c) Break Even Point (u) 3) Contribution Per Unit X Number of Units Sold= a) Target Profit b) Break Even Point (£) c) Profit or Loss d) Margin of Safety (£) e) Total Contribution 4) Target Profit= a) Fixed Costs/Contribution b) Fixed Costs + Target Profit/Contribution c) (Fixed Costs + Target Profit)/Contribution d) Total Contribution - Fixed Costs 5) Fixed Costs/Contribution= a) Break Even Point (u) b) Break Even Point (£) c) Margin of Safety (u) d) Margin of Safety (£) 6) If the contribution increases break even will be reached a) Faster b) Slower 7) IF fixed costs increase break even will be reached a) Faster b) Slower 8) Break Even Charts are shown with the following: a) x axis: sales and costs b) y axis: sales and costs 9) You always need to show £ or units in your answer a) True b) False 10) If the Break Even point is a decimal you a) round up if the decimal is 5 or more b) round down if the decimal is less than 5 c) always round up d) always round down

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