Equations Flashcards
1
Q
How do you calculate total costs?
A
Total costs = Fixed costs + Variable costs
2
Q
How do you calculate total variable costs?
A
Total variable costs = Variable cost pu X Output level
3
Q
How do you calculate Variable costs per unit?
A
Variable costs per unit = total variable costs / output level
4
Q
How do you calculate Total costs per unit?
A
Total costs per unit = Fixed costs per unit X Variable costs per unit
5
Q
How do you calculate Profit or Loss?
A
Profit or Loss = Sales revenue - Total costs
6
Q
How do you calculate profit or loss or unit?
A
Profit or loss per unit = Selling price pu - total costs per unit
7
Q
How do you calculate break even point?
A
Fixed costs/selling price pu - variable costs pu
