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MANAGERIAL ACCOUNTING The break-even point is the level of sales at which profits are zero. It can also be defined as the point where total
MANAGERIAL ACCOUNTING
The break-even point is the level of sales at which profits are zero. It can also be defined as the point where total revenue equals total cost or as the point where total contribution margin equals total fixed cost.
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2- Discuss what is meant by a product's contribution margin ratio? How is this ratio useful in planning business operation?
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