QUESTION 5 !Khaos Limited manufactures a single product. Production cost information for its first year of operation, appears below: Units manufactured Units sold Direct labour Direct materials Variable overheads Fixed overheads 80 000 units 64 000 units R40 per unit R16 per unit R1 200 000 R4 400 000 REQUIRED: 5.1 5.1.1 5.1.2 5.1.3 5.2 Determine, under both the absorption and variable costing methods, the - production cost per unit; profit for the year at a selling price of R180 per unit; cost of closing inventory: Reconcile the profits calculated in 5.1.3. 21:11

5.1.3. 21:11