Q4) Calculate Variable costing and Full Costing for the three years data following? 4 Marks

Basic Data

Selling price per unit soldRs. 25

Variable Manufacturing cost per unit producedRs10

Fixed Manufacturing cost Per Year.Rs.300,000

Variable selling and admin exp. Per unit soldRs.1

Fixed selling and admin exp. Per Year.Rs.200,000

Year 1 Year 2 Year 3

Units in Beginning inventory.. 0 0 ?

Units in ending Inventory 0 ? 0

Units produced 40350 for year 1, units produced 50437.5 for year 2 and for year 3 units produced 30262.5

Units sold for all three year 40350.