Know the value chain What is a sunk cost? 2 3 4 5 Calculate Unit Contribution Margin. 6 What is a period cost? 7 Know batch level, facility level, unit level, product level costs. 8 Contribution Margin less fixed expenses ? 9 What is the formula for the mixed cost equation? 10 What is the formula to calculate quantity of direct materials to purchase from the direct 11 materials budget? 12 What items are included on the combined cash budget? 13 Characteristics of the Balanced Scorecard 14 (Financial, Customer, Internal Business, Learning and growth) 15 what is the difference between a favorable and unfavorable variance? 16 What are the methods for analvzing capital investments Payback, IRR, NPV, ARR, time value of money, annuity 17 What factors may cause a favorable direct materials price variance? What could cause and unfavorable quantity variance