ACCT511

  1. Direct materials formula
    BI + Purchases = Material used + Ending inventory
  2. WIP formula
    BI + MFR costs = COGM + EI
  3. Manufacturing costs formula
    Mfr costs = DM + DL + MOH
  4. Finished goods formula
    BI + COGM = COGS + EI
  5. Unadjusted COGS, aka normal COGS
    COGS that haven't been adjusted for over/under applied MOH
  6. Gross margin formula
  7. Gross margin = Revenue - COGS
  8. Operating income formula
    Gross Margin - OpEx = Operating Income
  9. Basic profit formula
    Profit = Revenue - Expenses
  10. Contribution margin formula
    Revenue - Variable Costs = Contribution Margin
  11. Operating income formula
    Contribution Margin - Fixed Costs = Operating income
Author
Anonymous
ID
103527
Card Set
ACCT511
Description
Basic formulas
Updated