QUESTION 6 (14 MARKS) Le Tran is the major supplier of mask for HCM markets. During the financial year that ended 31 March 2022, the following information was extracted: Detailed balance of finished goods inventory of gloves: 1 April 2020 2,000 31 March 2021 4,000 As planned, the factory produced 20,000 units of gloves during the year. The variable manufacturing cost incurred were: direct material cost were $8 per unit, direct labour cost were $12 per unit and variable manufacturing overhead were $7 per unit total The selling and administrative expenses incurred during the year were: variable selling, and administrative expense were $3 per unit Fixed cost totaled $1,900,000 with 40% of it, is related to selling and administrative All of the gloves are sold for $180 per unit. A total of 18,000 units were sold during the year. Required: a) Compute the Net Profit under variable costing. (5 marks) b) Compute the Net Profit under absorption costing. (5 marks) c) Compute the Net Profit under variable costing. (4 marks)