Bharat Bicycle, located in India, produces an inexpensive yet rugged bicycle for use on crowded city streets. The company sells the bicycle for 550 rupees. (Indian currency is denominated in rupees, denoted by R.) Selected data for the company's operations last year follow: Units in beginning inventory Units produced Units sold Units in ending inventory 0 13.400 10,600 2,800 R121 R157 Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative R48 R22 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative R924,600 R616,400 Required: 1. Assume that the company bises absorption costing. Compute the unit product cost for one bicycle Unit product cost R 2. Assume that the company uses variable costing. Compute the unit product cost for one bicycle. Unit product cost R