Chapter 5 equations Flashcards
1
Q
Total Cost = ?
A
total cost = total fixed cost + (variable cost per unit x Activity)
2
Q
variable cost per unit = ?
A
variable cost per unit = difference in total cost (y1-y2) / difference in activity (x1-x2)
3
Q
total fixed cost = ?
A
Total Cost - (variable cost per unit x Activity)
4
Q
high low method
A
pg 211
5
Q
total overhead cost = ?
A
total overhead cost = total fixed cost + (variable cost per unit x activity)
6
Q
contribution margin = ?
A
total sales revenue - total variable costs
7
Q
unit contribution margin = ?
A
unit sales revenue - unit variable costs
8
Q
contribution margin ration = ?
A
unit contribution margin / unit sales price
