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What else can I help you with?
What do you call when total revenues equal total costs?
Breakeven.
When the economic best is achieved when total benefits of an activity are equal to total costs?
ture
Can total revenues and total variable costs be exactly equal?
Yes. Actually this means the company has zero gross profit. If on top of variable costs, there are fixed costs, the company will turn a loss.
What is happening to average total costs when they equal marginal cost?
That is were u now got your total cost
What are examples of total costs?
In a perfectly competitive market, all n firms are equal. Thus, the market total cost is the total cost (TC) of one firm multiplied by the amount of n firms in the market Total Market Cost =Variable Costs and fixed costs ...Fixed costs plus variable costs.
If the firm closes down in the short-run total cost will equal zero?
In the short run, if a firm decides to close down, its total variable costs will become zero because it stops production. However, total fixed costs, which include expenses like rent and salaries, will still exist and must be paid, meaning total cost will not equal zero. Therefore, while the firm avoids variable costs, it still incurs fixed costs, resulting in total costs greater than zero.
What are total cost of production examples?
In a perfectly competitive market, all n firms are equal. Thus, the market total cost is the total cost (TC) of one firm multiplied by the amount of n firms in the market Total Market Cost =Variable Costs and fixed costs ...Fixed costs plus variable costs.
What conditions exist for a company to break even?
When total costs and total revenues are equal, the business organization is said to be breaking even.
Total costs less conversion costs equal to material costs?
Conversion cost is total of: Options Direct material and direct wages Direct material, direct wages, and production overheads Direct wages and production overheads. None of the above
What is a BEP?
A BEP is a break-even point, the point at which total costs equal total revenue and the organization neither makes a profit or a loss.
Is net earnings equal to net income?
I believe so. Net Income is equal to the income that a firm has after subtracting costs and expenses from the total revenue.
What should be equal to the balance of the Work In Process Inventory account at the end of the period?
The total manufacturing costs for the period
