paper 1 formulae Flashcards
1
Q
% Change
A
original value x 100
2
Q
Unit Costs
A
Total Cost ÷ Output
3
Q
Interest %
A
borrowed amount x 100
4
Q
Total Revenue
A
Selling Price x Number Sold
5
Q
Total Fixed Cost
A
All fixed costs added together
6
Q
Total Variable Cost
A
Variable cost per unit x Number sold
7
Q
Total Cost
A
Total Fixed Cost + Total Variable Cost
8
Q
Profit
A
Total Revenue – Total Cost
9
Q
Contribution per unit
A
Selling Price – Variable cost per unit
10
Q
Break Even Point in units
A
Fixed Cost ÷ Contribution per unit
11
Q
Break even point in currency
A
break even point in units x sales prices
12
Q
Margin of Safety
A
Actual Output – Break Even output
13
Q
Total contribution
A
Total revenue – total variable costs
14
Q
Total Inflows/ Total Income
A
All income added together for that month
15
Q
Total Outflows/ Total Expenditure
A
All outflows added together for that month
