hreé products X, A company is manufacturing and Z. The following information is supplied to: Products Y 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 a). Prepare a production cost statement and determine profit and loss. b). Outline ways in which you as Management Accountant will contribute to the efficient and economic operation of the company.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company is manufacturing three products X, Y
and Z. The following information is supplied to:
Products
Y
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
a). Prepare a production cost statement and
determine profit and loss.
b). Outline ways in which you as Management
Accountant will contribute to the efficient and
economic operation of the company.
N
Transcribed Image Text:A company is manufacturing three products X, Y and Z. The following information is supplied to: Products Y 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 a). Prepare a production cost statement and determine profit and loss. b). Outline ways in which you as Management Accountant will contribute to the efficient and economic operation of the company. N
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