Formulae Flashcards
1
Q
Revenue
A
Price x Quantity
2
Q
Total variable costs
A
Variable cost per unit x Quantity
3
Q
Total costs
A
Fixed costs + Variable costs
4
Q
Profit
A
Total revenue - Total costs
5
Q
Profit (contribution)
A
Total contribution - Fixed costs
6
Q
Contribution per unit
A
Selling price - Variable cost per unit
7
Q
Total contribution
A
Contribution per unit x Quantity
8
Q
Break even
A
Fixed costs / Contribution per unit
9
Q
Margin of safety
A
Actual sales - Break even point
10
Q
Total contribution
A
Total revenue - Total variable costs
11
Q
Gross profit
A
Sales revenue - Cost of sales
12
Q
Gross profit margin
A
Gross profit / Sales revenue x 100
13
Q
Operating profit
A
Gross profit - Other expenses
14
Q
Operating profit margin
A
Operating profit / Sales revenue x 100
15
Q
Profit for the year
A
Operating profit - tax
