managerial accounting

The following information is given for Abu Dhabi Ceramic Manufacturing company for the year 2019: No. of units produced 12,000 No. of beginning inventory units 4,000 Selling price permit 24 No. of units sold 16,000 Direct material permit 6 Direct labor per unit 5 Variable manufacturing overhead per unit 3 Fired manufacturing overhead 84,000 Variable selling and administrative 25,000 expenses Fixed selling and administrative expenses 10,000 Required: (Show all calculations) 1- Calculate the unit product cost under absorption approach (4 marks) kwand Submit to me and tubinut. Cu Sew All Anwar MacBook Air ME V E 1 R U A S D E 737 7 G Z Cli C I B N CE IG Regine, 1756 Questions 1 2-Prepare the income statement under absorption approach (12 marks) 3. Reconcile absorption costing and variable costing net operating Incomes and explain why the two amounts differ? (You do ne to prepare the income statement using absorption approach) (4 marks)