7176425
Beschreibung
Karteikarten von Emma Cattermole, aktualisiert more than 1 year ago
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Erstellt von Emma Cattermole
vor fast 8 Jahre
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| Frage | Antworten |
| Variable Cost per unit | (Highest Cost - Lowest Cost)/(Highest Activity - Lowest Activity) |
| Hi Low Method | Total cost = Fixed cost - (variable cost x activity) |
| Cost per unit | Total Cost/Activity |
| Flexed Budget | (Original budgeted activity/Original budgeted cost) x new activity |
| Revenue | units sold x sales price |
| Profit | Revenue - cost |
| Economic Order Quantity | √2 x (cost of ordering x annual demand)/cost of holding one unit for one year |
| Reorder Level | maximum demand x maximum lead time |
| Reorder Level with buffer | (Maximum demand x maximum lead time) + buffer |
| Minimum Inventory Level | Reorder level - (average demand x average lead time) |
| Maximum Inventory level | Reorder Level + EOQ - (minimum demand x minimum lead time) |
| Overtime Premium | (Basic pay x multiplier) - Basic pay |
| Direct Costs | Prime costs |
| Overhead Absorption Rate | Budgeted Costs/Budgeted activity |
| Marginal Costing | Only uses variable costs |
| Unit Contribution | Sales - variable cost |
| Cost c/f to next period | Inventory x OAR |
| Difference in profit absorption and marginal costing | Inventory movement x OAR |
| SIAM | Stock increasing mean absorption will have more profit |
| Contribution | Revenue - variable cost |
| Breakeven point in Units | fixed costs/contribution |
| Breakeven in Revenue | Breakeven point in units x selling price |
| Target Units | (Fixed costs + target profit)/unit contribution |
| Margin of safety in units | Budgeted or actual sales - breakeven sales volumes |
| Margin of safety as a % | (Margin of safety in units/budgeted actual sales) x 100 |
| Profit to Volume/ Contribution to sales ratio in units | (Unit contribution/ unit price) x 100 |
| Profit to Volume/ Contribution to sales ratio in % | (Total Contribution/Total Revenue) x100 |
| Target Revenue | (Fixed costs + Target Profits)/ contribution to sales ratio |
| Limiting Factors Step 1 | Amount needed = (cost of materials/price per unit) x demand |
| Limiting Factors Step 2 | Calculate unit contribution for each product (Revenue - variable cost) |
| Limiting Factors Step 3 | Contribution/ Limiting Factor |
| Limiting Factors Step 4 | Rank the Products by amount of contribution the have make the one with the most contribution first |
| Limiting Factors Step 5 | Production Schedule Cap of materials show how much you can make of each product before you run out of material in order of rankings |
| Payback Period Internal Rate of Return | a% + (npv a/(npv a – npv b)) x (b% - a%) |
| NPV | Net Present Value |
| Process Costing Step 1 | Unit Calculation compare what was put in to the process to what came out (in whole pounds) |
| Process Costing Step 2 | Update the process account with available information Materials in on the left Materials out on the right MUST BALANCE |
| Process Costing Step 3 | Calculate the unit cost of output (Cost of input - normal loss value)/ (input units - normal loss units) in pound and pence |
| Process Costing Step 4 | Complete the process account to include normal loss coming out of the process |
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