AQA A Level Business Year 1 (AS) Multiple and under what ISION MAKING TO IMPROVE FINANCIAL PERFORMANCE MCG TEST 2 which one of these would result in a favourable budget variance? A Budget cost E18Actual cost 16k B Actual gross profit E13k Budget gross profit 16k C Budget revenue 125k: Actual revenue E115k D Actual sales E40k: Budget sales 42k 0000 1 mark Last month fixed costs and contribution were 50,000 and 75,000 respectively. What is the profit this month if both increase by 10%? A 5,000 B 55,000 C 27,500 D 32,500 1 mark 06 What is meant by "sale and leaseback"? A Buying a fixed asset and leasing it to the supplier B Selling a fixed asset and then leasing it from the new owner C Buying stocks and then leasing them to a wholesaler D Selling stocks and then leasing them from a distributor OOOO 1 mark 07 A business Improves its gross profit margin from 23% to 26%. What was gross profit if revenues of 2million were made at the improved margin? A 60,000 B 260,000 C 460,000 D 520,000 OOOO 1 mark www.tutor2u.net Copyright Tutoru Limited 2016 All Rights Reserved