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Accounting Qs

QuestionAnswer
Under absorption happens when Overheads absorbed < than actual overheads Or when actual activity < than budgeted
BEP Volume Total fixed costs/ Con per unit
P/V ratio % Con per unit/ Selling price x 100
Target Volume Total FC + Targeted profit/ Con per unit
Margin of Safety (MOS) % Current sales - BEP/ Current sales x 100
Change in selling price % New selling price - Old selling price/ Old selling price x 100
Overhead absorption rate (OAR) Budgeted Overheads/ Volume of actvity
Overhead absorbed OAR x Actual hours worked or (Actual units produced)
Over/Under-absorption Overheads absorbed - Actual overheads incurred
Cost per kg Total cost of input - Scrap value of normal loss/ Input Quantity - Quantity of normal loss
Accounting rate of return (ARR) Average of annual profit/ Average investment x 100
Average profit Total annual profits/ Estimated life
Average Investment Initial Investment + Scrap value/ 2
Profit Cashflow - Depreciation
BEP Revenue BEP (units) x Selling price per unit
BEP Revenue % Total FC/ P/V ratio
Created by: danfennell21
 

 



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