Formulas Flashcards
1
Q
What is the formula for sales revenue
A
Selling price x sales volume
2
Q
What is the formula for profit
A
Revenue - costs
3
Q
What is the formula for average variable costs
A
Total variable costs / output
4
Q
What is the formula for sales volume
A
Sales revenue/selling price
5
Q
What is the formula for cost per unit
A
Costs / output
6
Q
What is the formula for fixed costs
A
Costs that do not vary with output
7
Q
What is the formula for total variable costs
A
Average variable costs x output
8
Q
What is the formula for variable costs
A
Costs that do vary with output
