(a) () Purchase of material $ 60,000 [Forward contract rate $ = 69.40 but $ = 71.20 on the date of importation): Import Duty paid 6,55,000: Freight inward 1,62,000; Insurance paid for import by road 55,000; Cash discount 33,000 GST Credit refundable 42,000: Payment made to the foreign vendor after a month, on that date the rate of exchange was $ = 71.80. Compute the landed cost of material. (b) ANAND (P) LTD. a single product manufacturing company, has following four operations undergone by a product under Cost Audit. The Process wise Input, Output, Direct Employee Costs and Direct Material Costs for the year ended March 31, 2019 are given below: Process Input Unit Output Unit Direct employee Cost of Direct Material Cost of the the process ) process MP-1 522000 490800 22,08,600 28,46,640 MP-2 565000 486500 34,05,500 20,91,950 MP-3 625000 598000 37,67,400 44,85,000 MP-4 670000 615300 34,45,680 31,99,560 You are required to calculate: (1) Direct Employee Cost per unit of the product, (ii) Direct Material Cost per unit of the product, - Under reference as required in (PART-B, PARA-2) of the Annexure to Cost Audit Report under the Companies (Cost Records and Audit) Rules, 2014