Unit 3 Formulea Grid Part 1 Flashcards
1
Q
Total Revenue
A
Selling Price x Number Sold
2
Q
Total Fixed Cost
A
All fixed costs added together
3
Q
Total Variable Cost
A
Variable cost per united x Number sold
4
Q
Total Cost
A
Total Fixed Cost + Total Variable cost
5
Q
Profit
A
Total Revenue - Total Cost
6
Q
Unit Costs
A
Total Cost divided by Output
7
Q
Contribution per unit
A
Selling Price - Variable cost per unit
8
Q
Break Even Point
A
Fixed cost / Contribution per unit
9
Q
Margin of Safety
A
Actual Output - Break Even output
10
Q
Total contribution
A
Total Revenue - total variable costs
11
Q
Measuring Profitability
A
Gross Profit / Revenue x 100
12
Q
Net Profit Margin
A
Net profit / revenue x 100
13
Q
Mark-Up
A
Gross Profit / cost of sales x 100
14
Q
ROCE
A
Net profit / capital employed x 100
