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ScotlandAccountingQuick questions
Preparing Management Accounting Information
Quick questions on Cash budgets and flexible budgets - SQA Higher Accounting
3short 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
Opening cash £3,000, receipts £18,000, payments £16,000. Calculate the closing balance. [1 mark]
What is q2?Show answer
Give one reason a profitable business might still be short of cash. [1 mark]
What is q3?Show answer
Variable cost is £6 per unit and the budget assumed 1,000 units, but 1,200 were made. State the flexed variable cost. [2 marks]
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