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3.2 Management accounting
Quick questions on Budgeting and budgetary control: planning, control and variances - AQA A-Level Accounting
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
State two benefits of budgeting. [2 marks] For example it aids planning and provides control through comparison with actual results.
What is q2?Show answer
A budget of produced actual costs of . State the variance and whether it is favourable. [2 marks] favourable, because less was spent than budgeted.
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