Question 27 of 50 All of the following statements concerning break-even analysis are correct except: Select the correct response: The break-even point is defined as the level of activity where total revenues are equal to total operating costs. Contribution margin per unit is used to determine the number of units that need to be sold to break even The break-even point is defined as the level of activity where operating income is zero Gross margin per unit is used to determine the number of units that need to be sold to break even