Subjects · Leaving Cert Accounting
Leaving Cert Accounting: Flexible budgets
How often Flexible budgets comes up on the Accounting papers, every year it was asked, and questions to try.
HL Asked on 3 of the last 10 Higher Level papers, most recently in 2024.
Flexible budgets, Higher Level(6 marks)
Quick ones on Flexible budgets.
(a)An adverse sales variance means actual sales were…
- More than budgeted
- Less than budgeted
- Equal to budget
(b)Variable cost €5 per unit; fixed costs €10,000; output 3,000 units. Flexed total cost?
- €40,000
- €15,000
- €25,000
(c)A fixed budget is…
- Set for one level of activity only
- Used only for the fixed costs
- Adjusted to the actual output
Show the answers
(a) Less than budgeted
(b) €25,000
(c) Set for one level of activity only
Higher Level
Asked on 3 of the last 10 Higher Level papers, most recently in 2024.
Every paper, year by year
| Year | Where it came up |
|---|---|
| 2026 | Not asked |
| 2025 | Not asked |
| 2024 | Q8 |
| 2023 | Not asked |
| 2022 | Not asked |
| 2021 | Q9 |
| 2019 | Not asked |
| 2018 | Q9 |
| 2017 | Not asked |
| 2016 | Not asked |
Links open the State Examinations Commission’s paper for that year.
Other Accounting topics
- Accruals and prepayments
- Bad debts and provisions
- Budgets
- Cash flow statements
- Correction of errors
- Depreciation
- Ratios — efficiency
- Ratios — interpretation
- Ratios — investment
- Ratios — liquidity
- Ratios — profitability
- Company final accounts
- Bank reconciliation
- Ratios — gearing
- Fixed asset disposal
- Control accounts
- Farm accounts
- Manufacturing accounts
- Marginal costing
- Overhead absorption
- Product costing
- Published accounts
- Cash budgets
- Club accounts
- Cost classification
- Final accounts
- Incomplete records
- Tabular statements
- Fixed asset revaluation
- Service firms
- Stock valuation
- Trial balance
- Accounting concepts
- Capital and revenue expenditure
- Departmental accounts
- VAT