(7 marks) 1 The break-even point is achieved when: a Variable costs are equal to fixed costs b Total costs are equal to total revenues The contribution margin is less than 25% d Targeted operating income is greater than 5% (7 marks) 1 The break-even point is achieved when: a Variable costs are equal to fixed costs b Total costs are equal to total revenues The contribution margin is less than 25% d Targeted operating income is greater than 5%