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2 marksFarm Organisation and Planning

CSEC Agricultural Science · May/June 2016 · Paper 2 · Question 7(a)

Table 2 provides the income and expenditure statement for Lall's Farm.

State ONE difference between a partial budget and a complete budget.

This question uses a figure or table from the paper — you'll see it when you practise.

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Other parts of this question

  1. 7(b)(i)Identify THREE fixed costs from Table 2.[3 marks]
  2. 7(b)(ii)Identify THREE variable costs from Table 2.[3 marks]
  3. 7(c)Calculate the gross margin using the information in Table 2, showing all calculations and the formula.[2 marks]
  4. 7(d)Using the gross margin calculated in (c), determine whether Farmer Lall's operations are profitable or not, providing a reason.[2 marks]

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