a chart which indicates an approximate profit or loss at different levels of sales v 609552

Fill in the blanks with apt word(s)

1. Break-even analysis is an analytical technique for studying the relations among fixed costs, variable costs and __________.
2. Break-even point is the point at which the total __________ equals the total costs.
3. Break-even point is the point at which an enterprise makes neither loss nor any __________.
4. The problem of break-even will never arise if a firm” costs are all __________ costs.
5. If a firm has some variable and some fixed costs, then such a firm must suffer __________ up to a given volume.
6. Break-even analysis is based on the assumption that selling prices are __________.
7. Break-even analysis is based on the assumption that the price level will be stable in the short run.
8. Break-even analysis assumes that inventory remains constant or __________.
9. BEP, when expressed in terms of units, is known as __________.
10. BEP when expressed in terms of value, is known as __________.
11. At the BEP, total __________ is equal to total fixed costs.
12. The ratio or percentage of contribution margin to sales is known as __________ or __________.
13. The formula for P/ V ratio is .
14. P/ V ratio can be improved by increasing the __________ price/unit.
15. P/ V ratio can be improved by __________ direct and variable costs.
16. The P/ V ratio for any given product is assumed to remain constant over all __________.
17. When sales volume is below the BEP, the net result will be __________.
18. A high P/ V ratio will generate __________.
19. The excess of total sales over sales at BEP is referred to as __________.
20. The margin of safety may be improved by lowering __________.
21. Margin of safety may be improved by __________ volume of sales.
22. Margin of safety may be improved by increasing the __________.
23. The angle which is formed by the intersection of __________ line and __________ line is called the angle of incidence.
24. An increase in the variable cost per unit will __________ the P/ V ratio, whereas a decrease in the variable cost per unit will __________ the P/ V ratio.
25. An increase in the fixed cost would __________ the BEP, whereas a decrease in the fixed cost would __________ the BEP.
26. An increase in the selling price will __________ the BEP, whereas a decrease in the selling price will __________ the BEP.
27. A chart which indicates an approximate profit or loss at different levels of sales volume units in a limited range is known as __________.
28. The profit/volume graph is a simplified form of __________.