Unit 2 Business resources_Lesson1

Today's program

  • Unit overview
  • Assessment criteria (Task A & Task B)
  • Learning outcomes
  • Check learning outcomes and evaluate lesson


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Slide 1: Diapositive
BTECMBOStudiejaar 1

Cette leçon contient 17 diapositives, avec quiz interactifs et diapositives de texte.

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Today's program

  • Unit overview
  • Assessment criteria (Task A & Task B)
  • Learning outcomes
  • Check learning outcomes and evaluate lesson


Slide 1 - Diapositive

Learning outcomes
At the end of the lesson you:
1. can mention two main types of costs, explain them and give an example for each type;
2. know what budgeting is;
3. know what variance analysis is and you can explain when  it's favourable or adverse.
4. Can work out the BEP and know the impotance of it.


Slide 2 - Diapositive

Why is it important to
manage costs?

Slide 3 - Carte mentale


Fixed costs

Variable costs
Costs

Slide 4 - Diapositive

Activity“Smell the dough” p 72



-  Make individually
- Finished? Discuss your answers with the student next to you and complete or improve your answer.

timer
10:00

Slide 5 - Diapositive

Fixed costs + example
in your private situation

Slide 6 - Carte mentale

Variable costs + example
in your private situation

Slide 7 - Carte mentale

Slide 8 - Diapositive

What is budgeting?

Slide 9 - Carte mentale

Budgeting
It is an estimate of the income and  expenditure of a business in the future. 

  1. Zero budgeting 
  2. Allocated budgeting

Slide 10 - Diapositive

Zero budgeting
Allocated budgeting
Money assigned for a budget. Usually set at the beginning of the year.
Departments have to ask their management for money

Slide 11 - Question de remorquage

Variance analysis
Measuring the difference between budgeted and actual costs or sales revenue.

Slide 12 - Diapositive

Case study: “Hair for Wear Ltd” 



- Work in pairs
- Finished? Compare your answers with another pair of students (close to you).
- Discuss your outcomes and complete or improve your answers.
timer
15:00

Slide 13 - Diapositive

Slide 14 - Diapositive

Activity
Read "Break-even" p 73-74 till 

- Write down all the questions you have after reading it.
- Ask the student next to you the questions, make sure everything is clear and make a short summery as a pair.


timer
15:00

Slide 15 - Diapositive

Learning outcomes achieved?


1. two types of costs, explanation and example of each type; 
2.budgeting; 
3. variance analysis and explain when  it's favourable or adverse
4. Can work out the BEP and know the impotance of it.

Slide 16 - Diapositive

Homework: read p. 75- 81, make a summery and upload it up to moodle.

Slide 17 - Diapositive