Topic E Flashcards
1
Q
Variable Costs
A
Expenses that change based off how much a company produces and sells
2
Q
Semi-Variable
A
A cost composed of a mixture of both fixed and variable components
3
Q
Fixed Costs
A
Costs that stay the same
4
Q
Total Revenue
A
The amount of money a company brings in from selling goods or services
5
Q
Total Sales
A
The amount of sales a businesss makes
6
Q
Selling Price per Unit
A
The amount of money a buyer will pay for one product
7
Q
Break Even Calculation
A
Fixed Costs/(Revenue Per Unit - Variable Cost Per Unit)
8
Q
Margin of safety formula
A
(current sales level - breakeven point)/current Seles level x 100
9
Q
Total contribution calculation
A
(Revenue - Variable Costs)/Revenue
10
Q
A
