COMM305 Equations Flashcards by William Ngo

Q

Total Manufacturing Costs

A

DM+DL+MOH

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Q

Cost of Goods Manufactured

A

Beg WIP + TMC - End WIP

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Q

Amount of finished good (end of the month)

A

COGAS - COGS

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Q

Amount of finished good (start of the month)

A

COGAS - COGM

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Q

Predetermined overhead rate

A

MOH/DL

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Q

Contribution ratio

A

CM/Sale

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Q

Contribution Margin

A

Sales - Variable costs

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Q

Operating income

A

Contribution margin - Fixed costs

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Q

Break even point unit

A

Fixed costs/CM unit

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Q

Break-even point sales

A

Fixed costs/Contribution ratio

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Q

Operating levergae

A

CM/operating income

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Q

Profit equation

A

Sale - variable costs = fixed costs + operating income

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Q

Required sale dollar

A

FC+OI/Contribution ratio

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Q

Required sale unit

A

FC+OI/CM unit

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Q

Margin of safety dollar

A

Expected sale - BE sales

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Q

Margin of safety unit

A

MOS dollar / expected sales

Q

Weighted Average UCM

A

(UCM1Sales mix1)+(UCM2Sales mix2)

Q

Margin of safety ratio

A

Actual sale - BE sales (MOS dollar)/Actual Sales

Q

Sale increase/decrease

A

Operating income * operating leverage * x%

Q

Variable cost percentage

A

Variable cost / Sales

Q

A