Question
A company is manufacturing three products X, Y and Z. The following information is supplied to: Products X Y Z Direct Materials 2,500 10,000 1,000
- A company is manufacturing three products X, Y and Z. The following information is supplied to:
Products
X Y Z
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 in dollars. (10 Marks)
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The Internal Auditing Pocket Guide Preparing Performing Reporting And Follow Up
Authors: J.P. Russell
2nd Edition
1636941303, 978-1636941301
