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

a). Prepare a production cost statement and determine profit and loss. (10 Marks)

b). Outline ways in which you as Management Accountant will contribute to the efficient and economic operation of the company. (10 Marks)

Products X K Y NY Z 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