Question's Short Description
1: No profit no loss point 2: Sales = Total cost 3: Helps in planning 4: Formula: Fixed cost / P/V ratio 5: Used for decision making
Question's Long Description
1: It shows level of sales to cover all costs
2: Below BEP there is loss, above BEP there is profit
3: Helps in profit planning and cost control
4: Affected by fixed cost, variable cost and selling price
5: Useful for management to set sales targets
