formulas Flashcards
sales revenue (obvious)
number of units sold x unit price
Total costs (simple)
fixed costs + total variable costs
Total variable costs
number of units sold x variable costs per unit
Profit (easy)
total revenue - total costs
total fixed costs (think about it)
total costs - total variable costs
Unit costs (hard)
total costs / Output
Break even point
fixed costs / contribution per unit
contribution per unit
selling price per unit - variable cost per unit
total contribution
contribution per unit x number of units sold
profit (hard)
total contribution - fixed costs
margin of safety
actual output - break even output
profit (hard C)
margin of safety x contribution per unit
variance (simple)
budget figure - actual figure
Net cash flow
total inflow - total outflows
closing balance
opening balance + net cash flow
