Q2. You are required to compute the labor turnover using different methods of labor turnover measurement from the following information provided for Manas Ltd. for the month of December 2022. Total workers in the beginning of the month were 3800, whereas at the end of the month were 4200. During the month, 50 workers left the firm on account of their own problems while 80 workers were discharged. 560 workers were engaged during the month in various departments. But out of them, only 60 were appointed.

 

Q3. A product sells at Rs. 3 per unit. The company uses a first-in-out actual costing system. A new fixed manufacturing overhead allocation rate is computed each year by dividing the actual fixed manufacturing overhead cost by the actual production. The following data is available for the first two years: Sales (Units) Production (Units) Cost: Variable Manufacturing Fixed Manufacturing Variable Marketing and Administration Fixed Marketing and Administration Year 1 Year 2 1500 1800 2100 1500 (Rs.) (Rs.) 1050 750 1050 1050 1500 1800 600 600 Prepare Income Statement for each year based on: a. Absorption Costing b. Variable Costing (5 Marks) (5 Marks)