Question: Requirement 1: Please explain variable, fixed, and mixed costs. and provide one example of each. Requirement 2: Break-even analysis is an important tool for managing

Requirement 1: Please explain variable, fixed, and mixed costs. and provide one example of each.

Requirement 2: Break-even analysis is an important tool for managing businesses. Colleges and universities also conduct break-even analysis. Please identify three areas where Berkeley College would use break-even analysis. Please identify the revenues, fixed costs, and variable costs for each area that you identified.

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