XYZ company sold 800 units of watches for TK.800 each and 1,000 units of watches for TK. 500 each. If the company's cost of producing each unit of watch was TK. 600, what was the company's profit or loss ?

XYZ company sold 800 units of watches for TK.800 each and 1,000 units of watches for TK. 500 each. If the company's cost of producing each unit of watch was TK. 600, what was the company's profit or loss ? Correct Answer TK. 1,600 loss

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Raw material purchased:
1st January, 600 units @ Rs. 12 per unit
12th January, 500 units @ Rs. 14 per unit
21st January, 300 units @ Rs. 13 per unit
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3rd January 300 units
5th January 124 units
15th January 250 units
16th January 300 units
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Variable production cost - Rs 1.20 per unit
Variable selling cost - Rs 0.40 per unit
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Fixed selling cost - Rs 0.80 per unit
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Variable production cost - Rs 1.20 per unit
Variable selling cost - Rs 0.40 per unit
Fixed production cost - Rs 4 per unit
Fixed selling cost - Rs 0.80 per unit
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Variable production cost - Rs 1.20 per unit
Variable selling cost - Rs 0.40 per unit
Fixed production cost - Rs 4 per unit
Fixed selling cost - Rs 0.80 per unit
Budgeted production and sales for the year are 10,000 units."