Buis Formulas Flashcards
1
Q
Break even point
A
Fixed costs/ (selling price per unit-variable costs per unit)
2
Q
Variable costs formula
And also known as
A
Output x variable costs per unit
Direct costs
3
Q
Total costs formula
A
Fixed cost +total variable cost
4
Q
Revenue formula
A
Units sold x selling price
5
Q
Profit/loss formula
A
Revenue-expendidture
6
Q
Breakeven
A
When a business has made enough money to cover costs. There is no profit or loss
7
Q
Gross profit formula
A
Revenue-cost of sales
8
Q
Net profit formula
A
Gross profit-expenditure
9
Q
Variance formula
A
Budgeted amount per unit-actual amount spent
10
Q
Net cash flow formula
A
Total inflows-total outflows
11
Q
Contribution per unit
A
Selling price-variable cost per unit
(Bottom part of break even)
12
Q
Closing balance
A
Opening balance+ net cash flow
