6. Dexter Corporation produces and sells a single product, a wooden hand loom for weaving small items such as scarves. Selected cost and operating data relating to the product for two years are given below: Cost (tk.) 50 Particulars Selling price per unit Manufacturing costs: Variable per unit produced: Direct material Direct labor Variable overhead Fixed cost per year Selling and administrative costs: Variable per unit sold Fixed cost per year 11 6 3 1,20,000 4 70,000 Units Units in beginning inventory 0 Units produced during the year 10,000 Units sold during the year 8,000 Units in ending inventory 2,000 Required: a) Compute the unit product cost and income statement under absorption costing method. b) Compute the unit product cost and income statement under variable costing method