Profit Budgets - AQA/ Edexcel A Level Business Bellwork / Revision Activity
Here is a quick activity that would be ideal at the start of a Year 13 lesson to ensure that students are re-capping Year 1 content or as a revision activity.
The activity has been taken from our A Level Business exam coaching workshop, 2015.
So that teachers can use this in lessons, the answers have been posted in our AQA and Edexcel A Level Business Facebook groups.
You can access the answers using the link below (if you are not a member of the group then you can join when you click on the link)
Edexcel A Level Business teachers
Below is a table showing the budgeted and actual income and expenditure of a supermarket for the first 6 months of 2014.
Calculate the actual expenditure for January-March 2014
Calculate the net profit margin (actual) for January-June 2014
Calculate the (total) profit variance for January-June 2014 and state whether it is adverse or favourable