Calculations Flashcards
What is the formula for revenue?
Revenue = number of units * selling price
What is the formula for break even?
Break even = fixed costs/contribution
What is the formula for contribution
Contribution = selling price - variable costs
What is the formula for Gross profit
Gross profit = revenue - cost of sales
What is the formula for Profit margins
Profit margins = (type of profit/sales revenue) *100
What is the formula for Operating profit?
Operating profit = revenue -(cost of sales + overheads)
Or
Operating profit = gross profit - overheads
What is the formula for Total costs?
Total costs = variable costs + fixed costs
What is the formula for Acid test ratio?
Acid test ratio = (current assets - inventory)/current liabilities
What is the formula for Net profit
Net profit = Revenue - all costs
What is the formula for Margin of safety?
Margin of safety = actual output - break even output
What is the formula for Total variance in profit?
Total variance in profit = actual profit - budgeted profit
What is the formula for Current ratio?
Current ratio = current assets/current liabilities
What is the formula for Percentage change?
Percentage change = (difference/original) *100
What is the formula for Market share?
Market share = (business value/total market value) *100
What is the formula for Total variable costs?
Total variable costs = variable cost per unit * number of units
