Exam Technique And Revision

Last updated May 2, 2023 Edit

• Business
• Revision

• Contribution
  • The money in - costs for a specific unit. The contribution is how much money is added to the business’s coffers.
• Breakeven output
  • Fixed costs / (price - variable costs)
• Margin of Safety
  • Actual sales - breakeven output
• Profit
  • Margin of safety x contribution

Business