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25 Cards in this Set
- Front
- Back
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Direct Materials used = |
Beginning DM + Purchased DM - End DM |
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Cost available for use = |
Beginning DM + Purchased DM |
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Total Manufacture costs = |
DM used + DL + Manufacture OH (includes depr and misc) |
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COGM = |
Total Manufacture costs + Beg WIP - End WIP |
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COGS = |
COGM + Beg Fin - End Fin |
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Gross Margin = |
Revenues - COGS |
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Operating Income = |
Gross Margin - Period Costs |
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Prime Costs = |
DM costs + Direct Manufacturing costs |
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Conversion Costs = = |
= All manufacturing costs other than Direct Materials = Direct Labor + OH |
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Contribution Margin = = = |
=Total Revenues - Total Variable Costs = CM per unit X number of units sold = CM% X Revenue |
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CM per unit = |
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CM% = |
CM / Revenues |
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Operating income = = |
= Total Rev - Total Var Cost - Total Fixed Costs = Target net income / (1 - Tax) |
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Break even number of units = |
total fixed costs / contribution margin per unit |
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break even revenue = |
fixed costs / CM% |
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Revenue required for TARGET operating income= |
(total fixed costs + target OI) / CM% |
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Quantity of unites required to be sold to reach TARGET OI = |
(Fixed costs + Target OI) / CM per unit |
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Operating income needed to reach TARGET net income = |
Target net income / (1 - Tax) |
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Quantity of units to reach TARGET OI = |
(Fixed costs + Target OI) / CM per unit |
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Net income is |
after tax profit |
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Net income = |
Operating income X (1 - Tax) |
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Margin of safety = |
budgeted or actual revenues - Breakeven revenues |
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Margin of safety in units = |
budgeted or actual sales quantity - BE quantity |
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Margin of Safety % = |
Margin of safety in dollars / Budgeted or actual revenues |
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Operating Leverage = |
CM / OI |
