CSUF ACCT 201b formulas- Questions & Answers

CSUF ACCT 201b formulas- Questions &
Answers
cost of goods sold Correct Ans-= (beg inv + purchases) - end inv




raw materials used in production Correct Ans-= beginning raw materials inv + purchases of
raw materials - ending raw materials inv



cost of goods manufactured Correct Ans-beginning wip inv + total manufacturing costs -
ending wip inv



cm ratio Correct Ans-= cm / sales




unit sales to break even Correct Ans-= fixed expenses / unit cm




dollar sales to break even Correct Ans-= fixed expenses / cm ratio




target profit unit sales Correct Ans-= (target profit + fixed expenses) / unit cm




target profit dollar sales Correct Ans-= (target profit + fixed expenses) / cm ratio




margin of safety $ Correct Ans-= total budgeted (actual) sales - break even sales