Contribution formulae - Selling Price - Variable Costs, Break-Even Point formula - Fixed Costs/Contribution, Margin of Safety Formulae - Level of Output - Break-Even Point, Sales in Units needed to make a Profit of X - (Profit X + Fixed Costs)/Contribution, Total Variable Costs - Direct Materials + Direct Labour + Variable Overheads, Contribution definition - The amount of money left to contribute towards covering the Fixed Costs, Break-Even Point definition - When the Total Sales Revenue is equal to the Total Costs, Fixed Costs - Costs that stay the same no matter how many units are produced, Variable Costs - Costs which vary depending on how many units are produced e.g materials and labour,
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Break-Even Revision
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