Unit one equations 3.0 / 5 based on 1 rating ? Business StudiesASAQA Created by: Kieran NixonCreated on: 08-01-13 19:21 Total Costs Total Costs= fixed costs + variable costs 1 of 8 Total Variable Costs Variable Costs= variable cost per unit x number of units sold/produced 2 of 8 Total Revenue Total Revenue= Selling price - variable cost per unit 3 of 8 Profit Profit= total revenue - total costs OR total contribution - fixed costs 4 of 8 Contribution per unit Contribution per unit = Selling price - variable costs per unit 5 of 8 Total Contribution Total Contribution= contribution per unit x units produced/sold OR total revenue - total variable 6 of 8 Break Even Output Break Even Output= fixed costs / contribution per unit 7 of 8 Profit Budget Profit Budget= income budget - expenditure budget 8 of 8
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