1
Q
What is Sales Volume?
A
Number of all units sold by business
2
Q
What is Sales revenue?
A
Value of all units sold by business.
3
Q
Formula of Sales reveune?
A
Selling price X Quantity
4
Q
What is FC?
A
Costs that do not change as output level changes.
5
Q
What is VC?
A
Costs that change directly with output.
6
Q
What is TC?
A
FC+VC
7
Q
Calculate TC
A
TFC+TVC
8
Q
Calculate TVC
A
VC X Quantity
9
Q
Calculate ATC
A
(cost per unit) TC/Quantity
10
Q
Calculate AVC
A
VC/Quantity
11
Q
What is Contribution?
A
Selling Price - Variable Costs per unit
