ABSORPTION AND DIRECT COSTING Kabeer 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 30,000 Actual Production in units 29,000 Actual sales in units 28,000 Fixed Costs (Rs.) Variable Costs (Rs.) 52 40 Raw Materials Direct Labor FOH Fixed FOH - Cost Marketing and Administrative Costing 28 Rs. 160,000 Rs. 100,000 Rs. 9 per unit sold Note: Selling price of each single unit is Rs. 200. Required Prepare operating income statement by both, absorption and direct costing approach