Question 4: I ventory Valuation Suggested time: 15 minutes MAPCAN company makes maple syrup in Canada. In 2019, it made 220,000 400gr bottle of syrups and sold 190,000 of them, at an average selling price of $25 per bottle. The following additional information relates to MAPCAN company for 2019: Direct Materials Direct manufacturing labour Variable manufacturing costs Sales commissions Fixed manufacturing costs Fixed administrative expenses $10.00 per bottle $2.00 per bottle $4.00 per bottle $3.00 per bottle $750,000 per year $270,000 per year What is MAPCAN cost of producing maple syrup per bottle using: a. Variable costing system (7 marks) b. Absorption costing system (8 marks) b. Absorption costing system (8 marks) Page Break Appendix A Table: s Table 2 Present Value of $1 P In this table S - $1. Periods 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 0.980 0.962 1 0.943 0.926 0.893 0.909 0.877 0.781 0.862 0.833 0.847 0.820 0.806 0.794 2 0.826 0.890 0.961 0.797 0.857 0.759 0.925 0.630 0.572 0.743 0.610 0.694 0.718 0.650 0.751 0.551 0.579 0.712 3 0.524 0.609 0.675 0.889 0.942 0.500 0.641 0.794 0.840 0.477 0.516 0.592 0.683 0.451 0.482 0.552 0.636 0.373 0.423 0.735 0.855 0.397 0.792 0.924 4 0.315 0.291 0.341 0.437 0.519 0.681 0.747 0:370 0.621 1.402 0.476 0.567 6 0.822 0.370 0.507 0.335 0.456 0.303 0.410 0.275 0.705 0.630 0.564 0.790 6 0.400 0.354 0,452 0.513 0.583 0.750 0.871 0.311 0.665 0.305 0.351 0.404 0.233 0.266 0.467 0.540 0.627 0.731 0.853 0.125 0.167 0.194 0.225 0.308 0.253 0,361 0.424 0.500 0.592 0.703 0.837 0.19 0.699 0.083 0.137 0.116 0.162 0.191 0.227 0.270 0.322 0.386 0.463 0.568 0820 10 0.676