19 Bharat Bicycle, located in India, produces an inexpensive yet rugged bicycle for use on crowded city streets. The company sells the bicycle for 600 rupees. (Indian currency is denominated in rupees, denoted by R.) Selected data for the company's operations last year follow: Units in beginning inventory Units produced Units sold Units in ending inventory 0 13,600 12,500 1,100 R161 R200 Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative R77 R57 R367,200 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative R244,800 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one bicycle. Unit product cost R 2. Assume that the company uses variable costing. Compute the unit product cost for one bicycle. Unit product cost R