Accounting and Finance Exam
- Created by: ZacBudd
- Created on: 30-05-18 16:27
Other questions in this quiz
2. How do you find the Sales Level needed to make required profit?
- budgeted sales units – break-even sales units
- (Fixed costs + required profit)/contribution per unit
- (budgeted sales units – break-even sales units) x selling price.
- (M of S in units/budgeted sales) x 100
3. How do you find the M of S in £ sales revenue?
- Expected sales in units - Fixed Overheads per unit
- contribution per unit/amount of scarce resource used.
- (budgeted sales units – break-even sales units) x selling price
- Current Liabilities - Current Assets
4. How do you find the M of S as a percentage?
- Selling Price per unit / Variable cost per unit
- BEP - Budgeted Sales Units
- (M of S in units/budgeted sales) x 100
- (budgeted sales units – break-even sales units) x selling price
5. How do you find the BEP in £ sales revenue?
- Current Liabilities - Current Assets
- (Fixed costs/contribution per unit) x selling price OR Fixed costs/CS ratio
- Total Variable Cost - Fixed Overhead Cost per unit
- Doesn't work
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