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Unit 3 - Investigating Financial Control Assignment a) What is break even? Break even occurs when income is equal to expenditure. It is the point of sales where the company sells enough products to cover all of the variable and fixed costs associated with producing a product. The next unit sold will start to generate profit for the company. In order to calculate the break-even point, it is necessary to know the following: * Fixed costs - These costs have to be paid, no matter how much is being produced e.g. rent, rates, heating and most staff wages. * Variable costs per unit - These costs are directly affected by the amount produced or sold e.g. raw materials, stock for resale, staff commission on sales and overtime payments. * Selling price per unit - The amount of money charged to the customer for each unit of a product or service. * Expected unit sales - The...

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