Question 1. Explain the terms used in Break-Even Analysis. Insert answer here. Question 2. Calculate the break-even point in terms of number of units produced and total revenue. Q2.1. Your friend has started a candle making business. She has invested $1,500 on equipment. The cost of creating the candles including labour, candle wax, and all other materials is $12. She charges $23.50 for her services. How many candles does she need to sell in order to break even? Insert answer here. Q2.2. You are an accountant, and you are tasked with measuring the feasibility of a new business proposal for a client. You have determined that your client's total fixed costs would be $85,670. From annual business reports and competitive studies, you estimate their contribution rate to be 76 %. What is their break-even in dollars? Insert answer here.