BTEC Unit 3 - LAE formulas Flashcards

Front

Total costs

Back

Fixed costs + Variable costs

Front

Variable costs

Back

Variable cost per unit × Output

Front

Variable cost per unit

Back

(Total) variable cost ÷ Output

Front

Revenue

Back

Selling price × Output

Front

Selling price per unit

Back

Revenue ÷ Output

Front

Profit/loss

Back

Total revenue - Total costs

Front

Contribution per unit

Back

Selling price per unit - Variable cost per unit

Front

Margin of safety

Back

Actual output - Breakeven output

Front

Breakeven output formula

Back

Front

Total contribution formula

Back

Total revenue - variable costs

or

Contribution per unit x output