23) Break even point is the point where
Answer is:
sales revenue and total expense lines intersect
Related Industrial Engineering MCQ with Answers
Answer is:
fixed cost + variable cost
Explanation:
The break-even point (BEP) or break-even level represents the sales amount—in either unit (quantity) or revenue (sales) terms—that is required to cover total costs, consisting of both fixed and variable costs to the company.
Total profit at the break-even point is zero.
Answer is:
variable cost line
Answer is:
total cost is equal to sales revenue
Explanation:
The break-even point refers to the revenues necessary to cover a company's total amount of fixed and variable expenses during a specified period of time. At the break even point, total cost is equal to sales revenue.
