Classify Contracts with Persons with Limited Mental Capabilities

question 66

Essay

Classify contracts with persons with limited mental capabilities.

---

Definitions:

Break-even Sales

The amount of revenue needed to cover total costs, both fixed and variable, with no profit or loss.

Unit Selling Price

The cost for which customers can purchase an individual unit of a product.

Unit Variable Costs

Unit variable costs are the costs that vary directly with the production volume, including costs for materials and labor that change with the level of production or service provision.

Operating Income

Revenue obtained from the main operations of a business, not including the costs of interest and taxes.