A-LevelAccountingBudgeting and budgetary control9706/12 · Oct/Nov 2016 · Q281 Mark

A business that uses flexible budgets shows the following: units of output 100 000 110000 total fixed and variable costs $400000 $425000 What are fixed costs?

A$125000

B$150000

C$250000

D$275000

✓ Correct answer

B: $150000

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Budgeting and budgetary control and see which topics are most likely to come up next.

About this question

Topic: Budgeting and budgetary control, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2016 Paper 1 Variant 2, question 28.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Accounting questions

Budgeting and budgetary controlFeb/Mar 20211m

Which factors should be considered when setting a budget? 1 availability of skilled labour 2 production capacity 3 q…

Budgeting and budgetary controlFeb/Mar 20221m

What are possible limitations of a budgetary control system? 1 Budgets are based on estimates. 2 Budgets may lead to …

Budgeting and budgetary controlMay/June 20131m

A company plans to make the following payments in June 2014. 1 an insurance premium for the 12 months from 1 July 201…

Preparation of financial statementsOct/Nov 20111m

If partners do not draw up a partnership agreement, the provisions of the Partnership Act apply. Which statement is …

Preparation of financial statementsOct/Nov 20111m

X and Y have been business partners for several years, sharing profits in the ratio of 2:1. Y now wishes to retire an…

Preparation of financial statementsOct/Nov 20111m

Subscriptions received by a sports club were as follows. received year ended 31 December 2008 $ 2009 $ 2010 $ for me…

← Browse all past-paper questions