Bharat Bicycle, located in India, produces an inexpensive yet rugged bicycle for use on crowded city streets. The company sells the bicycle for 650 rupees. (Indian currency is denominated in rupees, denoted by R.) Selected data for the companys operations last year follow:

Units in beginning inventory		0
Units produced		12,050
Units sold		8,400
Units in ending inventory		3,650
Variable costs per unit:
Direct materials		R199
Direct labour		R209
Variable manufacturing overhead		R55
Variable selling and administrative		R19
Fixed costs:
Fixed manufacturing overhead		R759,150
Fixed selling and administrative		R506,100

Required:
1.	Assume that the company uses absorption costing. Compute the unit product cost for one bicycle.

2.	Assume that the company uses variable costing. Compute the unit product cost for one bicycle.