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ACC 202 > Formulas > Flashcards

Formulas Flashcards

1
Q

Average Total Assets

A

(Beginning Total Assets + Ending Total Assets ) / 2

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2
Q

Return On Assets

A

Income / Average Total Assets

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3
Q

Profit Margin

A

Net Income/Net Sales

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4
Q

Current Ratio

A

Current Assets /Current Liabilities

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5
Q

Debt Ratio

A

Total Liabilities / Total Assets

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6
Q

Raw Materials Inventory TO

A

Raw Materials Used/Average Raw Materials Inventory

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7
Q

Days Sales in Raw Materials Inventory

A

(Ending RM Inventory / Raw Materials Used) x 365

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8
Q

Predetermined OH Rate

A

Estimated OH Cost / Estimated Activity Base

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9
Q

Applied OH

A

Predetermined OH Rate x Activity Base Used

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10
Q

Gross Profit Ratio

A

(Service Revenue - Cost Of Service) / Service Revenue

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11
Q

Plantwide OH Rate

A

Total Budgeted OH Cost / Allocation Base

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12
Q

Overhead Allocated

A

Plantwide OH Rate x Allocation Base Used

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13
Q

Department OH Rate

A

Budgeted Department OH Cost / Budgeted Department Allocation Base

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14
Q

Activity OH Rate

A

Budgeted Activity Cost / Budgeted Activity

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15
Q

Allocated Cost

A

Activity OH Rate x Actual Activity Usage

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16
Q

Variable Cost Per Unit

A

(High Volume Cost - Low Volume Cost) / (High Volume Units - Low Volume Units)

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17
Q

Total Cost

A

Fixed Cost + (Variable Cost x Units)

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18
Q

Contribution Margin

A

Sales - Variable Cost

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19
Q

Contribution Margin Ratio

A

(Sales - Variable Cost)/ Sales

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20
Q

Break Even Point In Units

A

Fixed Cost / Contribution Margin per unit

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21
Q

Margin of Safety

A

Expected Sales - Break Even Sales

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22
Q

Margin of Safety %

A

Margin of Safety / Expected Sales

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23
Q

Target Profit in Units

A

(Fixed Cost + Target Profit) / CMpu

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24
Q

Degree of Operating Leverage

A

Contribution Margin / Income

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25
Q

Change in income %

A

Degree of Operating leverage x Change in Sales %

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26
Q

Units To Produce

A

Budgeted Sales Units + Desired Ending Finished Goods Inventory - Beginning finished goods inventory units

27
Q

Materials to purchase

A

(Units to produce x materials needed per unit) + desired ending materials inventory - beginning materials inventory

28
Q

Cost of DL

A

Units to produce x DL hours needed per unit x DL cost per hour

29
Q

COGS Budget

A

Budgeted Sales Units # x Product Cost per unit $

30
Q

Preliminary Cash Balance

A

Beginning Cash Balance + Budgeted Cash Receipts - Budgeted Cash Payments

31
Q

Cash Receipts

A

Cash Sales + anticipated collection of prior months credit sales

32
Q

Cash paid for interest

A

Interest rate % x beginning loan balance

33
Q

Budgeted DL cost for service

A

Budgeted DL Hours x DL cost per hour

34
Q

Revenue Per Employee

A

Total Revenue / Number of employees

35
Q

Flexible Budget for total budgeted costs

A

Total Fixed Cost + (total variable cost per unit x units of activity)

36
Q

Cost Variance

A

(Actual Cost x Actual Quantity) - (Standard Cost x Standard Quantity)

37
Q

Price Variance

A

(AQ x AP) -(AQ x SP)

38
Q

Quantity Variance

A

(AQ x SP) - (SQ x SP)

39
Q

DL Variance

A

(AH x AR) - (SH x SR)

40
Q

Labor Efficiency Variance

A

(AH x SR) - (SH x SR)

41
Q

Standard OH Applied

A

(Actual Production x Standard Amount of Allocation Base) x Standard OH Rate

42
Q

OH Variance

A

Actual Total OH - Standard OH Applied

43
Q

Controllable Variance

A

Actual Total OH - Budgeted(flexible) total OH @ actual units produced

44
Q

Volume Variance

A

Budgeted OH - Standard OH Applied

45
Q

Sales Price Variance

A

(AS x AP) - (AS x BP)

46
Q

Sales Volume Variance

A

(AS x BP) - (BS X BP)

47
Q

Sales Growth Rate

A

(Analysis Period Sales - Base Period Sales) / Base Period Sales

48
Q

Ch 23 - Allocated Costs

A

Total Cost to allocate x Percentage of allocation base used

49
Q

Departmental Income

A

Dept sales - dept. direct expense - allocated indirect expenses - allocated service dept expenses

50
Q

Departmental contribution to OH

A

Sales - COGS - Direct Expense

51
Q

Residual Income

A

Income - Target Income

52
Q

Target Income %

A

Average Assets / (Division Income - Residual Income)

53
Q

Cash Conversion Cycle

A

Days Sales in AR + Days Sales in Inventory - Days Sales in AP

54
Q

Days Sales in AR

A

(AR / Net Sales) x 365

55
Q

Days Sales in Inventory

A

(Inventory/COGS) x 365

56
Q

Days Sales in AP

A

(AP / COGS) x 365

57
Q

Incremental Income

A

Incremental revenue - incremental cost

58
Q

Selling Price Per Unit

A

Cost Per Unit + Markup per unit

59
Q

Markup Percentage

A

(Total profit + total fixed cost) / Total variable costs

60
Q

Markup per unit

A

Variable cost per unit x markup percentage

61
Q

Time Charge Per Hour Of DL

A

Direct labor rate per hour + non material related OH per DL hour + target profit(profit x target profit margin %)

62
Q

Materials Markup per dollar of DM cost

A

Materials related OH% + Target Profit Margin%

63
Q

Time and Material Price Quotes

A

Direct Labor + DM + Materials markup

ACC 202 (4 decks)

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