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Prepare profit and loss statement based on variable costing

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Reference no: EM132614579

The following information is available for XYZ Company

Period                Units sold (000)                      Units produced (000)

1                          150                                       150

2                          120                                       150

3                          180                                       150

4                          150                                       150

5                          140                                       170

6                          160                                       140

Budgeted activity is expected to average 150,000 units per period and there is no opening stock for period 1. Unit selling price is Ksh 10, Unit variable cost is Ksh 6, fixed costs per period is Ksh 300,000 while non manufacturing overheads are 100,000 per period.

Required:

Question 1: Prepare a profit and loss statement based on variable and absorption costing

Reference no: EM132614579

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