13. Short Term Decision Making

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5 Terms

1
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Break-even Point

Fixed Costs/ Contribution per Unit

2
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Break-even Revenue

Break-even point x Selling Price

3
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Margin of Safety (units)

Budget Volume - Break-even point

4
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Margin of Safety (%)

(Budget Volume-Break-even point)/Budget Volume x100

5
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Sales required to achieve target profit (units)

(Fixed costs + Target profit) / Contribution per Unit