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Ch. 2,3,4,6,8,9 Formulas

Ch. 2,3,4,6,8,9 Formulas - Management 368 Formula Sheet...

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Management 368 Formula Sheet Chapter 2 Formulas Productivity = Output / Input Improvements in Productivity: Method 1 = Current Period – Base Period Method 2 = (Current Period – Base Period) / Base Period Growth Rate = (P 2 – P 1 ) / P 1

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Management 368 Formula Sheet Chapter 3 Formulas Total Contribution to Profit = TR – TC Total Revenue (TR) = SP(Q) Total Cost = FC + (VC x Q) Quantity needed to Break Even (Q BE ) = F / (SP – VC) Variable Cost (VC) = SP – (F / Q) Selling Price (SP) = (F / Q) + VC

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