formulas Flashcards
1
Q
Sales revenue
A
number of units sold x unit price
2
Q
Total costs
A
fixed costs+variable costs
3
Q
Total variable costs
A
number of units sold x variable costs per unit
4
Q
Profit
A
sales revenue - total costs
5
Q
Total fixed costs
A
Total costs - Total variable costs
6
Q
Unit costs
A
total cost divided by output
7
Q
Break-even point
A
Fixed costs divided by contribution per unit
8
Q
Contribution per unit
A
selling price per unit - variable cost per unit
9
Q
Total contribution
A
contribution per unit x number of units sold
10
Q
Profit 2
A
total contribution - fixed costs
11
Q
Margin of safety
A
Actual output - break-even output
12
Q
Profit 3
A
margin of safety x contribution per unit
13
Q
Variance
A
Budget figure - actual figure
14
Q
Net cash flow
A
total inflows - total outflows
15
Q
Closing balance
A
opening balance + net cash flow
