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2.2.3 Break-even & 2.2.4 Budgets Typeit

Target Level
C
Running Total
0
0%
Attempt
1 of 3

Type the correct answers into the spaces. Fill all the spaces before clicking ‘Check Answers!’

FIVE FORMULAE TO LEARN FOR BREAK-EVEN:

  1. The formula to calculate  (C) is: Selling  (SP) – Variable Cost (VC)
  2. The formula to use contribution to calculate Break-even (BE) is: Total  Costs (TFC) / C
  3. The break-even point where Total Fixed Costs (TFC) + Total  Costs (TVC) = Total Revenue (TR)
  4. Therefore Break-even (BE) is where Total Costs (TC) = Total  (TR)
  5. Margin of safety formula is: Sales – Break-even  Level

This is your 1st attempt! You get 3 marks for each one you get right. Good luck!

Pass Mark
69%