COMM305 Equations Flashcards
1
Q
Total Manufacturing Costs
A
DM+DL+MOH
2
Q
Cost of Goods Manufactured
A
Beg WIP + TMC - End WIP
3
Q
Amount of finished good (end of the month)
A
COGAS - COGS
4
Q
Amount of finished good (start of the month)
A
COGAS - COGM
5
Q
Predetermined overhead rate
A
MOH/DL
6
Q
Contribution ratio
A
CM/Sale
7
Q
Contribution Margin
A
Sales - Variable costs
8
Q
Operating income
A
Contribution margin - Fixed costs
9
Q
Break even point unit
A
Fixed costs/CM unit
10
Q
Break-even point sales
A
Fixed costs/Contribution ratio
11
Q
Operating levergae
A
CM/operating income
12
Q
Profit equation
A
Sale - variable costs = fixed costs + operating income
13
Q
Required sale dollar
A
FC+OI/Contribution ratio
14
Q
Required sale unit
A
FC+OI/CM unit
15
Q
Margin of safety dollar
A
Expected sale - BE sales
