ABSORPTION AND DIRECT COSTING Bilal Manufacturing Co. uses direct costing. Following information have been received from their accounting records for a single product at the end of the year: Planned Production in units Actual Production in units Actual sales in units 30,000 30,000 30,000 Fixed Costs (Rs.) Raw Materials Direct Labor FOH Variable Costs (Rs.) 15 20 10 Rs. 90,000 or Rs. 3 per unit sold under the absorption costing Rs. 80,000 Marketing and Administrative Costing 60,000 Note: Selling price of each single unit is Rs. 150. Required Prepare operating income statement by direct costing approach