Formulas Flashcards
1
Q
Break even point
A
fixed cost / selling price- variable cost
2
Q
Contribution per unit
A
Selling price - variable cost
3
Q
Total contribution
A
Contribution per unit X actual amount sold
4
Q
Break-even quantity
A
Fixed cost/contribution per unit
5
Q
Profit
A
Revenue-cost or total contribution- fixed costs
6
Q
Total cost
A
Fixed cost + variable cost
7
Q
Revenue
A
selling price X quantity
8
Q
variable cost
A
total variable cost/total units produced
9
Q
Margin of safety
A
Current output(or estimated) - Break even quantity
10
Q
Profit or loss
A
revenue - cost
11
Q
Target profit quantity
A
fixed cost + target profit / price - average variable cost
