1. ABC Company produces electronic equipment and information about the product for the year ended 31 March 2014, given bellow. Produced during the year 1,000 units Total production overhead cost Rs. 10,000 Total machine hours - 4,000 hours Direct material for one unit of product - 10 Kg each at Rs. 5/- Direct labour for one unit of product - 8 hours each at Rs. 4/- Calculate production cost per unit under above mentioned absorption methods.