Lecture 2

Question 1

Result

Answer 1

Incomes-Costs=Result

Question 2

Profitability

Answer 2

Result/Turnover=Profotability

Question 3

Everything has a price.

The price is influenced by

Answer 3

• Competitors
• Customers
• Costs

All costs are allocated to the products = price

Question 4

Costs

Answer 4

• Variable and fixed costs
• Direct and indirect costs
• Alternative costs

Question 5

Variable costs

Answer 5

• Proportionally variable costs
• Progressively variable costs
• Degressively variable costs

Question 6

Fixed costs

Answer 6

• Fixed costs
• Operationally fixed costs
• Semi fixed costs

Question 7

Direct and indirect costs

Answer 7

Direct cost = Cost -> Charge center

Indirect cost = Cost -> Cost center -> Charge center

Question 8

Result planning

Answer 8

To analyze how the amount of products produced affects the costs, income and result

Aka. CVP-analysis (Cost - Volume - Profit)

Question 9

CVP

Answer 9

With the help of the following ratios we can analyze the profitability of a company

Breakeven: The point where total income is big enough to cover all the costs (Result=0)

Breakeven-volume: The amount of product sold to get results = 0

Grossmargin (GM): Difference between sales price and purchase price
€ or %

Margin of security: Shows how much the sales can decrease before reaching breakeven.

Income - costs = Result (Profit / loss)
*Costs are divided into variable and fixed costs