Unit 20 Costs, Scale of Production and Break Even Analysis

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Across
  1. 3. The addition of all variable costs at a certain level of output.
  2. 4. The addition of all of the fixed costs of a business.
  3. 5. The quantity that must be produced or sold for total revenue to equal total costs.
  4. 6. The addition of all variable costs of producing one unit of output.
  5. 8. The income of a business from the sale of goods or services, during a period of time.
  6. 9. Show how costs and revenue of a business change with sales and indicate break-even output.
  7. 11. The factors that lead to an increase in average costs as a business grows beyond a certain size.
  8. 12. The level of output and sales at which total costs = total revenue.
  9. 14. Costs which do not vary in the short run with the number of items sold or produced.
  10. 15. The addition of all fixed and variable costs of a business in a given time period.
Down
  1. 1. The amount by which the current level of output or sales is greater than the break-even level of sales/output.
  2. 2. Costs which vary with the number of items sold or produced.
  3. 7. Calculated by dividing total costs by the number of units produced. Sometimes called cost per unit.
  4. 10. The selling price per unit minus variable costs per unit.
  5. 13. The factors that lead to a reduction in average costs as a business increases in size.