Examlex
ABC can be used to determine the costs of quality and to help refine quality strategies. Quality activities are commonly classified as:
Break-Even Point
The point at which total costs and total revenue are equal, resulting in no profit or loss.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a specific product and included in the product's cost calculation.
Break-Even Point
The level of production or sales volume at which total revenues equal total costs, resulting in zero profit or loss.
Contribution Margin Ratio
The ratio of contribution margin to sales revenue, indicating the percentage of each sales dollar available to cover fixed costs and generate profit.
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