1. Which of the following is correct? The break-even point occurs on the CVP graph where:

1. total profit equals total expenses.

2. total profit equals total fixed expenses.

3. total contribution margin equals total fixed expenses.

4. total variable expenses equal total contribution margin.

1. Sales commissions paid to the companys salespeople.

1. Direct Labor Cost

2. Direct Materials Cost

3. Manufacturing Overhead cost

4. Selling cost

5. Administrative cost