COST ACCOUNTING
BREAK EVEN POINT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Total Production
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Total Revenue
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Total Fixed Costs
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Total Units
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Detailed explanation-1: -To determine the break-even point graphically, the total cost curve of a product over time is plotted in a diagram. On the x-axis (horizontal axis) you plot the sales volume (how many products are sold) and on the y-axis (vertical axis) you plot the total cost of producing a given quantity of product.
Detailed explanation-2: -The break-even point (BEP) in economics, business-and specifically cost accounting-is the point at which total cost and total revenue are equal, i.e. “even".
Detailed explanation-3: -Key Takeaways In accounting, the breakeven point is calculated by dividing the fixed costs of production by the price per unit minus the variable costs of production. The breakeven point is the level of production at which the costs of production equal the revenues for a product.
Detailed explanation-4: -In FlexChart, WinForms break even chart is represented by the BreakEven class which inherited from standard Series class. To begin with, you create a new BreakEven object, set values of its main properties (SalesPrice, FixedCost, VariableCost) and add it to the FlexChart.