plumiBudgets and variances: OCR A‑Level Business questions
Every OCR A-Level Business exam question on Budgets and variances, 2021–2025, with its mark scheme and examiner’s report.
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All 6 questions on Budgets and variances, as a list
- June 2025, Paper 1, Q4 (1 mark): An advantage of producing a budget is that it: (a) sets no specific limits on spending (b) will automatically be fixed at the same level as the previous year (c
- June 2024, AS Paper 2, Q3 (3 marks): Some budgeting data for a business is shown below. Budgeted Actual Revenue £31 000 £30 000 Cost of sales £19 500 £20 000 Gross profit £11 500 Calculate the gros
- June 2024, Paper 1, Q8 (1 mark): A sole trader’s budgeted financial data is shown in the table. Fixed costs £3480 Variable cost per unit £0.50 Selling price per unit £4.50 Total units sold 2000
- June 2023, AS Paper 1, Q14 (1 mark): A ready meal manufacturer uses variance analysis. What will lead to a favourable budget variance? (a) Donating excess meals and leftover ingredients to a local
- June 2023, Paper 2, Q8 (4 marks): Analyse one advantage for NT of producing a budget. [4]
- June 2022, Paper 2, Q7 (3 marks): A business has produced a budget statement for the past year. Budget Actual Variance Sales revenue £25 000 £20 000 Labour costs £7000 £2000 Favourable Overheads
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