General Unit 2 Formulas Flashcards
What is unit costs ?
Total costs / actual output
What is total revenue
Selling price per unit x number of units sold
What is total costs
Fixed costs - variable costs
What is profit
Total revenue - total fixed costs
What is contribution per unit
Selling price pert unit - variable cost per unit
What is total contribution ?
Contribution per unit x units sold
OR
Total revenue- total costs
What is break even point
Fixed costs / contribution per unit
What is capacity utilisation
Actual output / Max output x 100
What is total variable costs ?
Variable cost per unit x number of units sold
What is net profit margin
Net profit / sales x 100
What is gross profit margin
Gross profit / sales x 100
What is Current acid ratio test
Current asserts / current liabilities
What is acid ratio test
(Current assets - closing stock) / current liabilities
What is fixed costs
Total costs - variable costs
What is labour productivity
Output per period (units) / number of employees at work x 100
