Managerial accounting vv Flashcards
1
Q
Breakeven sales
A
Fixed expenses / Contribution margin ratio
2
Q
of units to earn target income
A
(Fixed costs + target income) / contribution margin units
3
Q
Gross margin
A
Sales - COGS
4
Q
margin of safety
A
sales- break even sales (volume)
5
Q
sales revenue
A
price * units sold
6
Q
product costs
A
direct materials + direct labor + manufacturing overhead
