business studies unit one

Formulas that need to be learnt!!!!

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  • Created by: Kim
  • Created on: 09-05-10 22:07

Average cost

formula ?

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Answer

total cost/ output = units

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Break even selling price?

Formula

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Answer

total costs / output = £

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Revenue costs to breakeven

FORMULA?

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ANSWER

BREAKEVEN X SELLING PRICE PER/UNIT

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UNIT TO GET CERTAIN PROFIT

FORMULA?

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ANSWER

FIXED COSTS + PROFIT REQUIRED / CONTRIBUTION PER/UNIT

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PROFIT

FORMULAS ??

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ANSWERS

TOTAL CONTRIBUTION - TOTAL COSTS

OR

TOTAL REVENUE - TOTAL COSTS

OR

SALES - REVENUE EXPENSES

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MARGINAL COSTS

FORMULA?

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ANSWER

CHANGE IN TOTAL COSTS / CHANGE IN OUTPUT = UNITS

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BREAKEVEN OUTPUT

FORMULA??

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ANSWER

TOTAL FIXED COSTS / CONTRIBUTION PER UNIT = UNITS

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UNIT CONTRIBUTION

FORMULA?

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ANSWER

SELLING PRICE PER UNIT - VARIABLE COSTS PER UNIT

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TOTAL CONTRIBUTION

FORMULAS??

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ANSWER

TOTAL REVENUE - TOAL VARIABLE COSTS

OR

UNIT CONTRIBUTION X NO. UNITS SOLD

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SELLING PRICE (TO REACH TARGET RATE OF PROFIT)

FORMULA?

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ANSWER

PROFIT TARGET + TOTAL COSTS / OUTPUT

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TOTAL COSTS

FORMULAS??

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ANSWERS

DIRECT + INDIRECT COSTS

OR

FIXED COSTS + VARIABLE COSTS

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NET PROFIT

FORMULAS ??

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ANSWERS

GROSS PROFIT - INDIRECT COSTS

OR

TURNOVER - REVENUE COSTS - DEPRECIATION

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GROSS PROFIT

FORMULA?

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ANSWER

SALES - DIRECT COSTS

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DEPRECIATION

FORUMLA?

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ANSWER

MACHINE COST / ESTIMATED LIFE = £ P/YEAR

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MARKET SHARE/PENETRATION

FORMULA?

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ANSWER

COMPANY SALES / TOTAL SALES X 100 = ......%

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REVENUE

FORMULA?

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ANSWER

SELLING PRICE P/ITEM / SERVICE X QUANTITY OF ITEMS SOLD

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Comments

sweatypappaz

Fantastic; thank you for this gracious soul!

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