Three products X, Y and Z are made and sold by a company. The relevant information is given as follows:

Products

X

Y

Z

Standard Costs per unit

Direct Materials (Rs.)

50

120

90

Variable Overheads (Rs.)

12

7

16

Direct Labour

Rate per hour

Hrs

Hrs

Firs

Department A

Rs. 5

14

8

15

Department 8

Rs. 6

4

3

5

Department C

Rs. 4

8

4

15

Total fixed overheads for the year are Rs. 3,00,000. The budget for the current financial year, which is prepared for a recessionary period, is based on the following sales:

Products

Sales (Units)

Selling Price per Unit (Rs.)

X

7,500

210

Y

6,000

220

Z

6,000

300

You are required to show in the form of a statement to the management, the unit Variable Cost of the three products and the total profit expected for the current year. Which of these products is the most profitable? Rank the products.