1) By drawing up the Break-even chart and determine the intersection point between the Total revenue and Total cost curve. 2) Using the break even quantity formula = Fixed cost / per unit Contribution ( to find break even in $, you simply use the above result and times it with the selling price.)
Break Even= Sales - Variable Costs - Fixed Costs To find out the number of units needed to break even, a simple algebraic equation is used. In the example given in the question it would be calculated as follows: 0= 30x - (3+21)x - 800 800= 30x - 24x 800= 6x x=800/6 x=133.33 or 134 (In break even it's generally best to round up regardless) The value of 0 is used as the value for the break even point because, by definition, is the point where revenues equal expenses.
The 'Sources and related links' below has links to sales tax rates.
Breakeven analysis is that in which companies tries to find out the number of units which must be sold to completely recover the fixed cost incurred by company for production.
Look in 'Sources and related links' below for resources that can will help you locate a sales tax rate.
First you need to find the break even sales. Break even sales = fixed expenses/ CM ratio Break even sales = 3600/.24 = 15,000 Then find the margin of safety dollars. margin of safety dollars = budgeted sales - break even sales margin of satefy dollars = 200,000 - 15,000 = 185,000 Then you can find the margin of safety percent Margin of safety percent = margin of safety dollars/ budgeted sales dollars margin of safey percent = 185,000/200,000 = 92.5%
You will find several formulae in the Wikipedia article on "derivative".
Breakeven analysis helps the management to find out the point of sales which must be achieved to at least recover the amount spent on manufacturing of product and after that it also helps to find out the point from actual sales to breakeven sales before they start losing as well as to find out the required profit point as well.
Different figures have different formulae; here you will find formulae for the areas of some figures: http://en.wikipedia.org/wiki/Area#Formulae
You 'll find all Algebra formulae on the following link. https://orion.math.iastate.edu/dept/links/formulas/form1.pdf
There are a huge number of mathematical formulae and there is no single formula sheet sheet. the answer may depend on the level of mathematics that you are interested in, but even then, it will not be easy.
There are different formulae for different shapes.
i know just to lazy to find it in my book. but i will get back later. :)
There are different formulae for different shapes.
If you want the surface of a rectangle, you multiply length by width - and if the measurements are in feet, the area will be in square feet. For other geometric figures, there are other formulae.
(a) determine the break-even quantities? (b) the break-even prices? (c) find the volume of sales at maximum profit? (d) what is the maximum profit?
the formulae are different for different shapes, you have to be more speciefic.