break even family Flashcards
1
Q
what is the formula for contribution per unit?
A
Selling Price – Variable cost per unit
2
Q
what is the formula for break even point?
A
Fixed Cost ÷ Contribution per unit
3
Q
what is the formula for margin of safety?
A
Actual Output – Break Even output
4
Q
what is the formula for total contribution?
A
Total revenue – total variable costs