It’s the amount of sales the company can afford to lose but still cover its expenditures. Yes, you would want to use the average cost per unit along with the average selling price to get the contribution margin per unit in the formula. Calculating the break-even point helps you determine how much you will have […]
Break Even Point BEP Formula + Calculator Read More »
Although it seems “new”, animals have unofficially been in the therapy room for a long time. It might surprise you to know that Sigmund Freud often brought his dog, Jofi, into counseling sessions. Boris Levenson, one of the pioneers of animal-assisted therapy, had a 4-legged “co-therapist” named Jingles and documented their experiences extensively. Airlines are
What is animal assisted therapy? Animal Assisted Therapy Read More »
If you don’t know how much COGM you have, you won’t be able to make informed decisions about pricing or product development. For example, if you purchase $1000 worth of raw materials but don’t sell them until six months later, you would recognize that $1000 expense in your books as the cost of goods sold.
Cost of Goods Manufactured Statement Calculation & Example Read More »
