1) Which of these are a Fixed Cost for a local bakery? a) Rent b) Milk c) Cupcake cases d) Flour e) Eggs f) Hourly paid staff 2) Which of these are a Variable Cost for a local bakery? a) Rent b) Electricity c) Salary of Manager d) Flour e) Eggs f) Lease for Vehicle 3) What is Break Even? a) When Sales Revenue = Total Costs b) Something breaks in equal parts c) When Fixed Costs = Variable Costs

S2 Break-Even

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