Add up the profit each year & divide by how many years. Returned figure ÷ investment x 100 = %
1 of 14
Payback
How many years will it take to return the cost of the project. See how close you can get to the cost, take the remainder from next year & ÷ by total year profit x 12 to get the months.
2 of 14
Net Present Value ( Discounted Cash Flow)
Present Value = Cash Inflow x Discount Factor . Takeaway Investment Cost = NPV
3 of 14
Depreciation
Original Value - Residual Value ÷ Useful Life
4 of 14
Total Cost Variance
Standard cost of everything - Actual cost of everything
5 of 14
Labour Cost Variance
Standard Labour Cost for production - Actual Labour Cost for production
6 of 14
Materials Cost
Standard Material Cost for production - Actual Material Cost for production
7 of 14
Overhead Cost Variance
Standard Fixed Overheads - Actual Fixed Overheads
8 of 14
Material Price Variance
(Standard Price - Actual Price) x Actual Quantity
9 of 14
Material Usage Variance
(Standard Quantity - Actual Quantity) x Standard Price
10 of 14
Labour Rate Variance
(Standard Rate - Actual Rate) x Actual Hours Worked
11 of 14
Labour Efficiency Variance
(Standard Hours - Actual hours) x Standard wage rate
12 of 14
Overheads Fixed Variance
(Actual production x Standard Fixed overhead rate per unit) - Actual fixed overhead cost
13 of 14
Overheads Variable
(Actual Production x Standard variable rate per unit) - Actual variable overhead cost
14 of 14
Other cards in this set
Card 2
Front
How many years will it take to return the cost of the project. See how close you can get to the cost, take the remainder from next year & ÷ by total year profit x 12 to get the months.
Back
Payback
Card 3
Front
Present Value = Cash Inflow x Discount Factor . Takeaway Investment Cost = NPV
Back
Card 4
Front
Original Value - Residual Value ÷ Useful Life
Back
Card 5
Front
Standard cost of everything - Actual cost of everything
Comments
No comments have yet been made