Faculty of Business Administration Department of Accounting BBA Program Managerial Accounting (Section-B) Final Assessment Summer: 2021-22 Total Marks: 40 Faculty: Dr. Kamrul Hasan Time: 1.30 hour Question-1: Beximco manufactures and sells a single product. The following costs were incurred during the company's first year of operations: [Marks: 10] Variable costs per unit: Manufacturing: Direct materials $10 Direct labor. 6 Variable manufacturing overhead .. 4 Variable selling and administrative. 5 Fixed costs per year: Fixed manufacturing overhead $ 3,00,000 Fixed selling and administrative $ 2,00,000 During the year, the company produced 40,000 urpits and sold 30,000 units. The selling price of the company's product is $ 80 per unit. Requirements: Calculate Unit Product Cost and Income Statement under Variable Costing