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Learning objective

Calculate costs, revenue, profit, contribution, break-even and target profit.

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Topic

QS.1 Quantitative skills in accounting

Subtopic

QS.1.1 Accounting quantitative techniques

Aqa A Level AccountingQuantitative skills requirements

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Understand this objective

Quick explanation

Calculate costs, revenue, profit, contribution, break-even and target profit

  • This point belongs to QS.1 Quantitative skills in accounting, especially QS.1.1 Accounting quantitative techniques.
  • You need to be able to calculate costs, revenue, profit, contribution, break-even and target profit.
  • Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Why it matters

This objective helps connect QS.1.1 Accounting quantitative techniques to exam-style questions, flashcards, and revision notes for QS.1 Quantitative skills in accounting.

Quick student answer

What is the contribution per unit if the selling price is £50, variable costs are £30, and fixed costs are £20,000?

Direct answer

The contribution per unit is calculated as Selling Price - Variable Costs.

Key terms

  • Variable Costs: Costs that vary directly with the level of production or sales.
  • Profit: The financial gain after all expenses have been deducted from total revenue.

Common trap

Miscalculating Break-even Point: Always use the formula: Break-even point = Fixed Costs / (Selling Price - Variable Costs).

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