Break Even Analysis Flashcards

1
Q

Total revenue

A

Selling price x quantity sold

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2
Q

Total costs

A

Fixed + total variable costs

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3
Q

Profit

A

Total revenue - total costs

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4
Q

Total contribution

A

Sales revenue - total variable costs

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5
Q

Contribution per unit

A

Selling price - variable costs

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6
Q

Profit using contribution

A

Contribution per unit x margin of safety

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7
Q

Break even output

A

Total fixed costs / unit contribution

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8
Q

Margin of safety

A

Actual sales - break even level of output

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