Fixed Costs - Costs that don't change with the number of items made or sold, Variable Costs - Costs that change with the number of items made or sold, Contribution - Term used for the amount of each sale that goes towards fixed costs, Fixed Costs / Contribution - Formula used to calculate how many items need to be sold in order to break even, Purchases, Wages, Electricity - Examples of Variable Costs, Insurance, Rent, Loan Repayments - Examples of Fixed Costs, Loss - When sales are lower than the costs involved in making the sale, Profit - When sales are greater than the costs of making the sale, Break Even - When sales and costs are the same value,

Break Even

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