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

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. (10 Marks)