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 company's operations last year follow:

Units in beginning inventory 0 Units produced 19,200 Units sold 17,900 Units in ending inventory 1,300 Variable costs per unit: Direct materials R153 Direct labour R237 Variable manufacturing overhead R68 Variable selling and administrative R49 Fixed costs: Fixed manufacturing overhead R921,600 Fixed selling and administrative R614,400