Examlex
The bar graph below shows the political party affiliation of 1000 registered U.S. voters. What percentage of the1000 registered U.S. voters belonged to one of the traditional two parties (Democratic and Republican) ?
Contribution Per Unit
Equals the price less the variable cost per unit. Variable used to determine the break-even point in units.
Variable Cost
Expenses that change in proportion to the activity of a business, such as costs for raw materials or production volume.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent or salaries.
Break-Even Point
The financial point at which total costs equal total revenue, meaning there is no profit or loss.
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