Knowledge Check $01$

The break$-$even point is the level of sales at which total $\_\_\_\_\_\_\_\_\_$blank.

multiple choice $1$

profits equal total costs

profits exceed total costs

revenue equals total costs

revenue equal total projected revenue

Knowledge Check $02$

Once the break$-$even point has been reached, net operating income will increase by the amount of the $\_\_\_\_\_\_\_\_\_$blank for each additional unit sold.

multiple choice $2$

fixed expense per unit

variable expense per unit

unit selling price

unit contribution margin

Knowledge Check $03$

Constance Corporation has a single product. Its selling price is $$80$ and the variable costs are $$30.$ The company$$s fixed expenses are $$5,000.$ What is the company$$s break$-$even point in unit sales?

multiple choice $3$

$50$ units

$167$ units

$63$ units

$100$ units

Knowledge Check $04$

Portsmouth Corporation has a single product; the product selling price is $$100$ and its contribution margin ratio is $40\%.$ The company$$s fixed expenses are $$10,000.$ What is the company$$s break$-$even point in sales dollars?

multiple choice $4$

$$16,667$

$$25,000$

$$250$

$$2,500$