paper 1 formulae (3) Flashcards

1
Q

Contribution per unit

A

Selling Price – Variable cost per unit

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2
Q

Break Even Point in units

A

Fixed Cost ÷ Contribution per unit

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3
Q

Break even point in currency

A

break even point in units x sales prices

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4
Q

Margin of Safety

A

Actual Output – Break Even output

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5
Q

Total contribution

A

Total revenue – total variable costs

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