Income statement

Sales(8000×5000+6000×4500). 67,000,000

Less COS

DM (T)-1392,000+996,000

DL(Z)-13560000+9160,000

Gross profit=sh 41,892,000

Sales 67,000,000

Cost of goods sold (24,950,500)

Gross/net profit 42,049,500

Sales 67,000,000

Material usage budget(cost of sales)…..2,235,000

Gross profit 64,765,000

Less other expenses:

Labour costs 22,720,000

Net profit 42,045,000