Term
| fixed costs can be classified as what for BEA |
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Definition
| fixed over some range of sales volume |
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Term
At BEA what two things are equal?
what does this mean |
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Definition
total sales, toal costs
no profit but also no loss |
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Term
A pharmacy that only produces 1 product can be calc. in what- 2
an ex of this- |
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Definition
dollars, sales in units of product;
pharmacy that only does prescriptions |
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Term
| a pharmacy that produces multiple products is calculate as- |
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Definition
| sales volume where total revnue=total cost |
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Term
| what is on the x axis of a BEA graph |
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Definition
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Term
| what is on the y axis of a BEA graph |
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Definition
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Term
| where is the break even point on the BEA graph |
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Definition
| interseciton of the total costs and total revenues lines |
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Term
| contribution margin is the total _ to cover _ & _ |
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Definition
sales;
fixed costs & net income |
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Term
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Definition
-all costs are fixed or variable
-acts in a stright line
-restriced range of sales |
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Term
| BEA is useful fro short or long term decisons |
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Definition
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Term
| the pahrmacy's what must not change during BEA |
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Definition
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Term
| to calc a stay even point what is made into a fixed cost |
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Definition
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