Philip James asks you to calculate the breakeven point for him.You need which information from him to do so?
A) dollar values for all assets and owners' equity
B) fixed costs, operating expenses, and net income
C) dollar values for all assets and all liabilities
D) unit costs and fixed costs
E) variable costs per unit, fixed costs, and unit selling price

Question

Quizplus · Accepted Answer

To calculate the breakeven point, we need to know the variable costs per unit, fixed costs, and unit selling price. This information allows us to determine the number of units that need to be sold to cover all costs and break even.

Philip James Asks You to Calculate the Breakeven Point for Him.You