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Unformatted text preview: : BE = Breakeven – The point in business where the revenue equals costs. FC = Fixed Cost – Cost of items that are a business expense though they don’t generate revenue. VC = Variable Cost – The cost of products sold including the associated direct labor expense. SP = Selling Price – The price products are sold to the customer. MU = Mark Up – The amount in money added to the variable cost to determine the selling price. PP = Projected Profit – The projected profit the amount of money the company estimate it will achieve over and above breakeven in a particular period of time. U = Unit – a single measure of a product or service R = Revenue – The cash that flows into the organization 2...
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This note was uploaded on 08/30/2011 for the course BUS 121 taught by Professor Staff during the Spring '11 term at Community College of Philadelphia.
- Spring '11