Formulas Flashcards
(17 cards)
contribution per unit
unit selling price - unit variable cost
contribution ratio
unit contribution / unit selling price x 100%
break even units
total fixed costs / CPU
break even (£’s)
total fixed costs / contribution ratio
target profit (units)
total fixed cost + target profit / CPU
target profit (£’s)
total fixed cost + target profit / contribution ratio
margin of safety (£’s)
total sales - break even sales
margin of safety (%)
margin of safety (£’s) / total sales x 100%
present money value
FV / (1 + r)^n
material price variance
(SP - AP) x AQ
material usage variance
(SQ - AQ) x SP
labour rate variance
(SR - AR) x AH
labour efficiency variance
(SH - AH) x SR
variable O/H spending variance
(SR - AR) x AH
variable O/H efficiency variance
(SH - AH) x SR
fixed O/H expenditure variance
BFO - AFO
fixed O/H volume variance
(BP - AP) x FOPU
