Budgets

Explain why a business needs accurate cost data.

March 2016

Explain one way LC could make use of the information in its income statement.

March 2018

Analyse two ways in which accurate cost information may be used to raise business performance.

March 2023

What does the term indirect costs mean?

March 2025

Analyse why accurate cost data matters to all businesses.

Summer 2018

Explain why cost information matters when business decisions are made.

Summer 2019

Analyse the possible problems a new business may encounter when attempting to raise finance.

Summer 2020

Analyse how accurate cost information benefits a business.

Summer 2021

Discuss the drawbacks of using cost information to monitor and improve the performance of a group of luxury hotels.

Summer 2021

Analyse two factors that may affect a business’s choice of sources of finance.

Summer 2024

Explain one benefit to PS of using incremental budgeting.

Summer 2024

Explain one advantage for RP of operating a budget.

Summer 2024

Analyse two advantages to a business of using sale and leaseback of non-current assets as a source of finance.

Summer 2025

Define the meaning of incremental budgets.

Summer 2025

Explain why cost information is important for business decision-making.

Winter 2016

Analyse how a business could use a price discrimination strategy to increase profit.

Winter 2017

Using Tables 2.1 and 2.2, work out the forecast profit for 2020.

Winter 2019

Analyse how cost information can be used to track performance and make a business perform better.

Winter 2020

Explain one likely effect on UC of a fall in profit.

Winter 2020

Define zero budgeting.

Winter 2024

Explain one way in which a budget benefits CCL.

Winter 2024

Using Table 2.2 together with the other information, Calculate the variance between TDC’s budgeted revenue and actual revenue for 2023, and State whether it is favourable or adverse.

Winter 2024

Explain one likely advantage that TDC could obtain from using budgets.

Winter 2024