ECONOMICS

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: -Graphically, the total fixed cost looks like a straight horizontal line while the total variable cost line slopes upward. The graphs for the fixed cost per unit and variable cost per unit look exactly opposite the total fixed costs and total variable costs graphs.

Detailed explanation-3: -Creating a break even graph You plot a straight horizontal line of fixed costs across the graph, as these don’t change with the number of units produced. Then you plot a line for variable costs, starting at the point fixed costs start. This line represents total costs.

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.