Help ECR!!!!!!!!
David1983
Registered Posts: 2 New contributor 🐸
I have just got my mock back for the up coming ECR exam and passed section 1 ok but failed section 2. I think it was more luck than anything to pass section 1. Does anyone have any easier ways of remembering the ways to work out cont, breakeven etc......? I have passed FRA and found that alot more easy going. Any help would be great keep reading over my notes and feels like its the first time every time.
0
Comments
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Check out the Remembering Unit 6 post on the 4/11/08, it's helped me loads!
Chloe -Contribution = Selling Price per Unit-Variable Costs per Unit
Buys - Breakeven in Units = Fixed Costs/Contribution
Pink - PV Ratio = Contribution/Sales Price
Biscuits-Breakeven In Revenue = Fixed Costs/PV Ratio
Mummy-Margin of Safety In Units = Forecast - Breakeven
Makes -Margin of Safety % = Margin of Safety in Units/Forecast x 100
Them-Target Profit = Fixed Costs + Target Profit/Contribution
Good Luck
Vicky0
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