Business Studies

What is the margin of safety?
The difference between sales revenue and variable costs
1 of 6
What is contribution?
The difference between sales revenue and variable costs
2 of 6
What is the calculation for contribution per unit?
Selling price - variable costs
3 of 6
What is the calculation for break even output?
Total contribution - fixed costs
4 of 6
What is the calculation for total contribution?
Unit contribution x no. of units sold
5 of 6
What is the calculation for profit? Using the contribution method.
Total contribution - fixed costs
6 of 6

Other cards in this set

Card 2

Front

What is contribution?

Back

The difference between sales revenue and variable costs

Card 3

Front

What is the calculation for contribution per unit?

Back

Preview of the front of card 3

Card 4

Front

What is the calculation for break even output?

Back

Preview of the front of card 4

Card 5

Front

What is the calculation for total contribution?

Back

Preview of the front of card 5
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