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Business Studies > Formulas > Flashcards

Formulas Flashcards

1
Q

What is the total cost formula?

A

FC + VC

Fixed Cost + Variable Cost

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2
Q

What is the average cost formula?

A

TC / Quantity

Total cost

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3
Q

What is the formula for calculating revenue?

A

P X Q

Price X Quantity

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4
Q

What is the formula for calculating break even?

A

FC / Contribution

Fixed cost

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5
Q

Formula for calculating contribution?

A

Sales price - Variable costs

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6
Q

What is the formula for calculating the margin of safety?

A

Actual output level - Break even level of output

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Business Studies (8 decks)

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