2.2 formulas Flashcards
1
Q
formula for sales volume
A
sales revenue/price
2
Q
formula for sales revenue
A
number of units sold x price per unit
3
Q
variable costs per unit formula
A
variable costs/sales
4
Q
total variable costs formula
A
price x number of products sold
5
Q
total costs formula
A
fixed costs + variable costs
6
Q
average costs per unit formula
A
total costs/number of units sold
7
Q
profit formula
A
total revenue - total costs
8
Q
break even formula
A
fixed costs/selling price per unit-variable costs per unit
9
Q
total contribution formula
A
contribution per unit x quantity
10
Q
margin of safety formula
A
actual sales - break even
11
Q
contribution formula
A
selling price - variable costs per unit
