Equations - Business Unit 1

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Revenue
Selling price x Items sold
1 of 11
Contribution
Selling price - Variable costs
2 of 11
Break Even Output
Fixed costs / Contribution per unit
3 of 11
Margin of Safety
Output - Break even output
4 of 11
Closing Balance
Opening balance + Net cash flow
5 of 11
Variance
Budget - Actual
6 of 11
Gross Profit
Revenue - Variable Costs
7 of 11
Net Profit
Revenue - Total costs
8 of 11
Total Costs
Fixed costs + Variable costs
9 of 11
Total Contribution
Contribution per unit x Units sold
10 of 11
Break Even
Fixed Costs / Contribution per unit
11 of 11

Other cards in this set

Card 2

Front

Selling price - Variable costs

Back

Contribution

Card 3

Front

Fixed costs / Contribution per unit

Back

Preview of the back of card 3

Card 4

Front

Output - Break even output

Back

Preview of the back of card 4

Card 5

Front

Opening balance + Net cash flow

Back

Preview of the back of card 5
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