Moona Inc. produces Mobile phones. Information of the company's operations last year appear below: Fixed cost: Fixed Manufacturing overhead IRS 40,000 Fixed selling & Administrative Rs 60,000 Selling Price per unit Rs 100 Variable cost per unit: Direct Materials Rs 30 Direct labor Rs 10 Variable Manufacturing overhead Rs 5 Variable selling & Administrative Rs 2 Units in beginning Inventory 0 Units Produced 2000 Units sold 1900 Required: a. Compute the unit product cost under both absorption and variable costing (0.5 Marks) b. Prepare an income statement for the year using absorption costing.(0.75 Marks) c. Prepare a contribution format income statement for the year using variable costing (0.75 Marks) d. Prepare a report reconciling the difference in net operating income between absorption and variable costing for the year. (0.5 Marks)