Five pages of revision activities covering the following calculations: Cost of sales Gross Profit Gross Profit Margin Operating Profit Operating Profit Margin Sales Volume Cost per Unit Contribution per Unit Break Even Point Margin of Safety Maximum Capacity

Three tables to complete including: Budget Actual Variance Favourable/Adverse

Worksheet with questions calculating the: Income variance Expenditure variance Profit variance Budgeted profit Actual profit Combined profit Multiple choice questions Two calculate 4 marker questions

Liquidity ratio practice (balance sheet) including an example and 4 practice pages. Practice questions include calculating the following: Net current assets Net assets Current ratio Liquidity capital ratio Total equity Capital employed