formulas Flashcards
1
Q
Total revenue
A
Selling Price x Number Sold
2
Q
Total Fixed Cost
A
All fixed costs added together
3
Q
Total Variable Cost
A
Variable cost per unit x Number sold
4
Q
Total Cost
A
Total Fixed Cost + Total Variable Cost
5
Q
Profit
A
Total Revenue – Total Cost
6
Q
Unit Costs
A
Total Cost ÷ Output
7
Q
Contribution per unit
A
Selling Price – Variable cost per unit
8
Q
Break Even Point
A
Fixed Cost ÷ Contribution per unit
9
Q
Margin of Safety
A
Actual Output – Break Even output
10
Q
Total contribution
A
Total revenue – total variable costs
11
Q
Total Inflows/ Total Income
A
All inflows/ income added together for that month
12
Q
Total Outflows/ Total Expenditure
A
All outflows/ expenditure added together for that month
13
Q
Net Cash Flow
A
Total inflows/income – Total outflows/expenditure
14
Q
Opening Balance
A
Last month’s closing balance
