Illustration: A Company has two departments producing products X and Y respectively. The budgeted operating statement for the coming year is summarized as follows: Product X Product Y Sales 60,000 100,000 Less: Total Cost 70,000 80,000 Net Profit / (Loss) (10,000) 20,000 Of the total cost 70% is variable, 10% is specific fixed and 20% is general fixed. 12-May-21 Advanced Management Accounting