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AAT Level 3 > MAPS - Ratios > Flashcards

MAPS - Ratios Flashcards

1
Q

How to calculate reorder level?

A

(average usage x average lead time) + buffer inventory

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2
Q

How to work out maximum inventory level?

A

Buffer inventory + maximum reorder quantity

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3
Q

How to work out maximum reorder quantity?

A

Maximum inventory level - buffer inventory

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4
Q

How to work out minimum reorder quantity?

A

Average usage x average lead time

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5
Q

How to work out Economic Order Quantity?

A

((2 x annual usage x ordering cost) / inventory holding cost ) All square rooted

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6
Q

How to work out time rate?

A

Hours worked x rate per hour

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7
Q

How to workout piecework rate?

A

Number of items produced x rate per unit

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8
Q

How to workout overhead absorption rate?

A

Total budgeted cost centre overheads / total planned work in cost centre

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9
Q

How to work out equivalent units?

A

Number of units in progress x percentage of completeness

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10
Q

How to workout contribution?

A

Selling price - variable cost

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11
Q

How do you workout break even?

A

Fixed costs / Contribution per unit

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12
Q

How do you workout margin of safety?

A

((Current output - break even out) / current output ) All x 100

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13
Q

How do you workout target profit (units)?

A

(Fixed costs + target profit) / contribution per unit

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14
Q

How do you workout profit-volume ratio?

A

Contribution / Selling price

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15
Q

How to workout inventory holding period in days?

A

(Inventories / cost of sales) x 365

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16
Q

How to workout trade receivables collection period in days?

A

(Trade receivables / revenue ) x 365

17
Q

How to workout trade payables payment period in days?

A

(Trade payables / cost of sales) x 365

18
Q

How to workout working capital cycle in days?

A

Inventory days + receivable days - payable days

19
Q

How do you workout BOAR?

A

Budgeted overheads / budgeted machine/labour hours

20
Q

How do you workout overhead absorbed?

A

Actual activity x BOAR

AAT Level 3 (22 decks)

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