Marginal Costing/break Even Flashcards

(4 cards)

1
Q

How is profit calculated

A

Contribution-fixed cost

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2
Q

How is the BEP calculated

A

Fixed cost/contribution per unit

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3
Q

What is the margin of safety formula

A

Actual production-BEP

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4
Q

What is the formula for margin of safety as a %

A

Margin of safety/actual production x 100

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