# Unit 2 Business resources_intro and 4.1

Today's program

• Unit overview
• Learning outcomes
• Check learning outcomes and evaluate lesson

1 / 17
Slide 1: Tekstslide
BTECStudiejaar 1

In deze les zitten 17 slides, met interactieve quizzen en tekstslides.

Lesduur is: 90 min

## Onderdelen in deze les

Today's program

• Unit overview
• Learning outcomes
• Check learning outcomes and evaluate lesson

#### Slide 1 -Tekstslide

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 -Tekstslide

Why is it important to
manage costs?

Fixed costs

Variable costs
Costs

#### Slide 4 -Tekstslide

Activity“Smell the dough” p 72

-  Make individually

timer
10:00

#### Slide 5 -Tekstslide

Fixed costs + example

#### Slide 6 -Woordweb

Variable costs + example

#### Slide 8 -Tekstslide

What is budgeting?

#### Slide 9 -Woordweb

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

1. Zero budgeting
2. Allocated budgeting

#### Slide 10 -Tekstslide

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 -Sleepvraag

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

#### Slide 12 -Tekstslide

Case study: “Hair for Wear Ltd”

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

#### Slide 14 -Tekstslide

Activity

- 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 -Tekstslide

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 -Tekstslide

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