Basic standard cost data of Zahoor & Co. is as under: Opening Finished goods, October, 2007 2,500 units Sales October, 2007 47,500 units Standard variable costs per unit: Rupee(s) Material and labour 8.00 Factory overhead 2.00 Distribution expenses 1.00 Selling price per unit Rs.20 Fixed cost for October, 2007: Manufacturing expenses (Rs.4/- per unit on normal capacity) Rs.200,000 Distribution expenses 75,000 Administration expenses 50,000 Others 25,000 Required: Calculate following throught absorption costing Normal capacity Production units Direct Material Direct Labour Variable Overhead Fixed overhead applied Total manufacturing Cost Closing Finished Goods Opening Finished Goods Under or over applied Gross profit Net Profit.