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21 Cards in this Set
- Front
- Back
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Break Even Sales Dollars |
Total fixed cost / Contribution Margin % |
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Break Even Units |
Total Fixed Cost / Contribution Margin Per Unit |
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Sales dollars required to make X profit |
(X + Total Fixed Costs) / Contribution Margin % |
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Profits |
(Sales Units * Contribution Margin Per Unit) - TFC |
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Change in Profit |
(X units * Contribution Margin Per Unit) - 0 = $200 |
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Contribution Margin |
Total Revenue - Total Variable Cost |
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Contribution Margin per Unit |
Selling Price - Variable Cost Per Unit |
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Contribution Margin Percentage |
(Contribution Margin / Revenue) |
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Operating Income |
Contribution Margin AKA (revenues - variable costs) - fixed cost |
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Revenues |
selling price * quantity of units sold |
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Total Variable costs |
Variable cost per unit * quantity of units sold |
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Cost Driver Rate |
Overhead Cost / Number of Cost Driver Units |
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Cost Driver Rate Per Machine Hour Labor Rate |
Machine Department Overhead / Machine Department Hours |
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Cost Driver Rate per % of Direct Labor Costs |
Direct labor department overhead / direct labor department overhead cost |
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The best person ever |
Kyler Lacey |
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The most handsome |
My sweet pea |
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4 components of balanced scorecard |
1. Financial 2. Customer 3. Process 4. Learning and Growth |
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4 components of balanced scorecard |
1. Financial 2. Customer 3. Process 4. Learning and Growth |
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Two basic approaches to improving financial performance |
1. Productivity improvement 2. Revenue growth |
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How does balanced scorecard help identify critical processes? |
It forces the company to determine the means by which it will produce and deliver value and achieve productivity improvements for financial objectives. It includes objectives and measures to evaluate performance |
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3 components of learning and growth |
Human Resources, Information Technology, and organizational culture and alignment |
