Breakeven | Live Revision for BTEC National Business Unit 3 (2024 Exams)

Breakeven is the topic focus for this live revision session for all BTEC National Business students taking Unit 3. We'll cover what you need to know, try some revision activities and some short-answer questions.

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TIMESTAMPS
0:00 - Introduction
2:45 - Types of costs (fixed, variable)
5:15 - Calculating selling price per unit, break-even output, margin of safety
9:15 - Break-even chart
12:00 - Calculations examples
17:30 - Case study on lowering break-even output

LIVESTREAM SUMMARY

The video covers break-even analysis for BTEC National Business Unit 3. It starts by explaining the different types of costs like fixed, variable, and semi-variable. Formulas are covered for calculating selling price per unit, break-even output, and margin of safety. A break-even chart is explained. Some calculation examples are worked through. Finally, a case study looks at how a business can lower its break-even output.

Key Points: what Unit 3 students need to be able to do:

Understand types of costs: fixed, variable, semi-variable
Calculate selling price per unit, break-even output, margin of safety
Draw and interpret a break-even chart
Complete calculations using break-even formula
Understand how to lower break-even output by increasing contribution per unit