The break-even point is the level of activity where

1. You go broke
2. TR = FC
3. TR = TVC
4. Total Contribution Margin is equal to Total Fixed Costs
5. None of the above

In variable costing, which of the following would be considered a variable cost?

1. Rent
2. Salaries
3. Fixed overhead
4. Depreciation expense using Units of Production method
5. None of the above