Cost Formulas Flashcards by Aaliyah Hooker

Q

Calculate total costs

A

Fixed cost + told variable cost

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Q

Calculate revenue

A

Selling price x number sold

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Q

Calculate profit per unit

A

Selling price per unit - total cost per unit

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Q

Calculate total profit

A

Sales revenue - total costs

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Q

Calculate total variable

A

Variable per unit x number sold

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