plz solve it with details. tq

6. Universal Specialty Group produces a sports theme chair. The following information has been provided by management: Selling price $550 per unit Variable manufacturing costs $50 per unit Direct materials $90 per unit Variable administrative costs $25 per unit Budget production 12,000 units Fixed manufacturing overhead $60 per unit Actual sales 10,000 units Fixed administrative costs $200,000 per annum Variable manufacturing costs includes direct labour and variable overhead. Actual production is the same as budget production Required: (a) Compute the Gross Profit under absorption costing. (4 marks) (b) Compute the Contribution Margin and Net Profit under variable costing. (6 marks) (c) Compute the Throughput Margin and the Net Profit under throughput costing