Formulas Page 1

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Formula for Total Costs
Total Cost = fixed costs + variable costs
1 of 10
Formula for Revenue
Revenue = quantity sold x selling price
2 of 10
Formula for Profit
Profit = total revenue - total costs
3 of 10
Formula for Gross Profit
Gross Profit = revenue - variable costs
4 of 10
Formula for Net Profit
Net Profit = revenue - fixed and variable costs
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Formula for Percentage Change in Profit
Percentage Change in Profit = current year's profit - previous year's profit / previous year's profit x 100
6 of 10
Formula for Contribution per Unit
Contribution per Unit = selling price per unit - variable costs per unit
7 of 10
Formula for Total Contribution
Total Contribution = contribution per unit x number of units produced or sold
8 of 10
Formula for Break-even Outpu
Break-even Output = fixed costs / contribution per unit
9 of 10
Formula for Margin of Safety
Margin of Safety = output produced - break-even output
10 of 10

Other cards in this set

Card 2

Front

Formula for Revenue

Back

Revenue = quantity sold x selling price

Card 3

Front

Formula for Profit

Back

Preview of the front of card 3

Card 4

Front

Formula for Gross Profit

Back

Preview of the front of card 4

Card 5

Front

Formula for Net Profit

Back

Preview of the front of card 5
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