Bharat Bicycle, located in India, produces an inexpensive yet rugged bicycle for use on crowded city streets. The company sells the bicycle for 600 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		18,050
Units sold		15,600
Units in ending inventory		2,450
Variable costs per unit:
Direct materials		R187
Direct labour		R199
Variable manufacturing overhead		R39
Variable selling and administrative		R24
Fixed costs:
Fixed manufacturing overhead		R1,028,850
Fixed selling and administrative		R685,900

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.