(a) Prepare a new profit statement for Mary which clearly identifies both the contribution made by each product over the last six months and the overall profit. Cecil's Profit Statement for the last six months' trading Wardrobes Dressing tables (000) 340 100 63 17 Sales revenue Direct materials Direct labour Variable workshop overheads Apportioned fixed workshop overheads Total manufacturing costs Gross profit (loss) Selling & distribution costs Net profit 60 240 100 EXHIBIT 2 Mary's Initial Information Gathering Profit statement: (000) 200 96 48 16 70 230 (30) Chests (000) 300 90 53 15 35 each 68 226 74 Numbers of each product sold in the period covered by the statement : Wardrobes 200 Dressing tables 160 Chests of drawers 200 Selling and distribution costs includes delivery costs to the customer. Amount paid to delivery contractor for last six 19 600 months Average delivery cost per product Total 840 286 164 48 198 696 144 80 64