Learning aim B: Carry out standard costing and variance analysis statements B.P3 Calculate sub- and B.M2 Analyse the overall variances in given reasons for the variances scenarios using standard in given scenarios costing. Learning aim C: Explore budgets for financial planning and control C. P4 Explain how C. M3 Assess the viability BC.D2 Evaluate the budgeting is used in a of the completed budgets usefulness of costing and selected business for in a given scenario. budgetary control financial planning and systems to the business. control. C.P5 Prepare accurate subsidiary and master budgets in a given scenano. Learning aim D: Undertake investment appraisal of long-term capital investment D. P6 Apply investment D. M4 Analyse the results D.D3 Evaluate the long- appraisal methods to of the capital investment term capital investment alternative capital appraisal for decision proposal, taking into investment proposals in making. account both financia given scenari os and non-financial D.P7 Explain how non- considerations, and financial considerations formulate a set of affect capital investment appropriate and relevant proposals. recommendations