Business Theme 2 Formulas
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All theme 2 formulas taken from sheet
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18 Terms
1
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Sales Revenue (£) = No of units sold x __________.
selling price
2
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Total Costs (£) = Fixed Costs + __________.
Total Variable Costs
3
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Total Variable Costs (£) = No of units sold x __________.
variable cost per unit
4
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Contribution per unit (£) = Selling Price (pu) – __________ (pu).
Variable Cost
5
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Breakeven Output (units) = Fixed Costs / __________ per unit.
Contribution
6
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Margin of Safety (units) = Current output – __________.
Breakeven output
7
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Net Cash (£) = Total Inflow – __________.
Total Outflow
8
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Closing Balance (£) = Net Cash + __________.
Opening Balance
9
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Total Contribution = (Selling Price – __________) pu x Units sold.
Variable Cost
10
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Budget Variance = Actual – __________.
Budgeted
11
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Net (operating) Profit Margin (%) = net (operating) profit x __________.
Sales revenue / 100
12
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Gross Profit = Revenue - __________.
Cost of Sales
13
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Operating Profit = Gross Profit - __________.
Operating Costs
14
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Labour Productivity (units per worker) = __________ per period / Number of employees per period.
output
15
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Capacity Utilisation (%) = current output x __________.
Maximum possible output /100
16
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Unit Cost (£ pu) = Total Cost / __________.
Total Output (units)
17
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Current Ratio = __________ / Current Liabilities.
Current Assets
18
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Acid Test Ratio = (Current Assets – __________) / Current Liabilities.
Inventories (Stock)
Flashcards (33)