Fixed Costs $($FC$)$: Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.Variable Costs $($VC$)$: Costs that vary directly with the level of production or sales, such as materials and direct labor.Sales Price per Unit $($SP$)$: The amount charged to customers for each unit sold.Contribution Margin $($CM$)$: The difference between the sales price per unit and the variable cost per unit. It is calculated as: Break$-$Even Point $($BEP$)$ Calculation. Explain the importance of break even analysis