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Accounting 303: Cost Accounting Formulas

Instructor: James Walsh

M.B.A. Veteran Business and Economics teacher at a number of community colleges and in the for profit sector.

Accounting 303 covers many aspects of cost accounting, so this is a formula sheet with the information in one place for ratios and calculations. You can print it out and use it on the proctored exam to help calculate accounting information.


Total variable cost
Total variable cost


Marginal cost
Marginal cost


Manufacturing overhead rate
Manufacturing Overhead rate


Activity based costing rate
Activity based costing rate


Absorption costing total costs
Absorption costing total costs


Gross profit margin
Profit margin


Net profit margin
Net profit margin


Breakeven point (units)
Breakeven points:
Breakeven point (sales)
Breakeven points 2


Target net income
Target net income


Contribution margin
Contribution margin


Sales price variance
Sales price variance


Efficiency variance
Efficiency variance


Variable overhead spending variance
Variable overhead spending variance


Variable overhead efficiency variance
Variable overhead efficiency variance


Inventory
Inventory


Materials variances (rate)
Materials variance
Materials variances (volume)
Materials variance 2


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