# 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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total cost/ output = units

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## Break even selling price?

Formula

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total costs / output = £

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## Revenue costs to breakeven

FORMULA?

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BREAKEVEN X SELLING PRICE PER/UNIT

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## UNIT TO GET CERTAIN PROFIT

FORMULA?

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FIXED COSTS + PROFIT REQUIRED / CONTRIBUTION PER/UNIT

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## PROFIT

FORMULAS ??

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TOTAL CONTRIBUTION - TOTAL COSTS

OR

TOTAL REVENUE - TOTAL COSTS

OR

SALES - REVENUE EXPENSES

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## MARGINAL COSTS

FORMULA?

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CHANGE IN TOTAL COSTS / CHANGE IN OUTPUT = UNITS

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## BREAKEVEN OUTPUT

FORMULA??

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TOTAL FIXED COSTS / CONTRIBUTION PER UNIT = UNITS

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## UNIT CONTRIBUTION

FORMULA?

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SELLING PRICE PER UNIT - VARIABLE COSTS PER UNIT

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## TOTAL CONTRIBUTION

FORMULAS??

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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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PROFIT TARGET + TOTAL COSTS / OUTPUT

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## TOTAL COSTS

FORMULAS??

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DIRECT + INDIRECT COSTS

OR

FIXED COSTS + VARIABLE COSTS

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## NET PROFIT

FORMULAS ??

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GROSS PROFIT - INDIRECT COSTS

OR

TURNOVER - REVENUE COSTS - DEPRECIATION

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## GROSS PROFIT

FORMULA?

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SALES - DIRECT COSTS

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## DEPRECIATION

FORUMLA?

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MACHINE COST / ESTIMATED LIFE = £ P/YEAR

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## MARKET SHARE/PENETRATION

FORMULA?

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

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## REVENUE

FORMULA?

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

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