D101 Wgu Formulas Updated Actual Questions And Correct Answers

D101 WGU FORMULAS UPDATED ACTUAL Questions and
CORRECT Answers

ACTIVITY RATE Activity Cost Pool Overhead / Total Cost Driver Activity


INVENTORY FLOW BEGINNING UNITS
+ UNITS ADDED/PURCHASED
- ENDING NITS
= UNITS COMPLETED


CVP EQUATION Sales Revenue - Variable Costs - Fixed Costs = Profit


CONTRIBUTION MARGIN PER UNIT SELLING PRICE PER UNIT - VARIABLE COST PER UNIT


CONTRIBUTION MARGIN INCOME STATEMENT SALES REVENUE
- VARIABLE COSTS
= CONTRIBUTION MARGIN
- FIXED COSTS
= NET INCOME (LOSS)


CONTRIBUTION MARGIN RATIO VARIABLE COSTS / SALES


BREAKEVEN POINT IN UNITS FIXED COSTS / CONTRIBUTION MARGIN PER UNIT


BREAKEVEN POINT IN SALES DOLLARS FIXED COSTS / CONTRIBUTION MARGIN RATIO


TARGET INCOME (FIXED COSTS + TARGET INCOME) / CONTRIBUTION MARGIN PER UNIT


MARGIN OF SAFETY CURRENT LEVEL OF SALES
- BREAKEVEN LEVEL OF SALES


OPERATING LEVERAGE CONTRIBUTION MARGIN / OPERATING INCOME


MATERIALS PRICE VARIANCE STANDARD PRICE - ACTUAL PRICE
x ACTUAL QUANTITY
(SP-AP) X AQ


MATERIALS QUANTITY VARIANCE (Standard Quantity Allowed - Actual Quantity Used) × Standard Price
(SQ - AQ) X SP


LABOR RATE VARIANCE (ACTUAL RATE - STANDARD RATE) X ACTUAL HOURS WORKED
(AR-SR) x AH


LABOR EFFICIENCY VARIANCE (ACTUAL HOURS - STANDARD HOURS) X STANDARD RATE OF PAY
(AH-SH) X SR