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A company is manufacturing three products X, Y and Z. The following information is supplied to you:                                                                              Products                                                                              X              Y              Z

A company is manufacturing three products X, Y and Z. The following information is supplied to you:                                                                              Products                                                                              X              Y              Z

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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  • A company is manufacturing three products X, Y and Z. The following information is supplied to you:

                                                                             Products

                                                                             X              Y              Z

                                                                             K              K              K

Direct Materials                                             2,500           10,000          1,000

Direct Labour                                                3,000             3,000            500

Variable Overheads                                       2,000             5,000         2,500

Sales                                                             10,000          20,000          5,000

Total fixed overhead:                   3,000

Prepare a production cost statement and determine profit and loss. 

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