Gross Profit Flashcards
1
Q
Gross Profit
A
Sales Revenue - Total Costs
2
Q
Operating Profit
A
Gross Profit - Overheads
3
Q
Net Profit
A
Operating Profit - Finance Costs
4
Q
Net Cash Flow
A
Total Inflows - Total Outflows
5
Q
Sales Volume
A
Total number of units sold over a period of time
6
Q
Sales Revenue
A
Number of Units Sold Over a Period of Time
7
Q
Total Variable Costs
A
Number of units sold x variable cost per unit
8
Q
Total Costs
A
Fixed Costs + Variable Costs
9
Q
Contribution per unit
A
Selling price per unit - Variable cost per unit
10
Q
Total Contribution
A
Contribution per unit x Number of units sold
11
Q
Break Even
A
Fixed Costs / Contribution per unit
12
Q
Variance
A
Actual - Budget
13
Q
GP Margin
A
(GP / SR) x 100
14
Q
OP Margin
A
(OP / SR) x 100
15
Q
NP Margin
A
(NP / SR) x 100
