QUESTION 6 (l4 MARKS) Le Tran is the major supplier of mask for HCM markets. During the nancial year that ended 31 March 2022, the following information was extracted: I Detailed balance of nished goods inventory of gloves: 1 April 2020 3| March 202] 2mm 0 As planned, the factor},r produced 20,000 units of gloves during the year. t 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 I The selling and administrative expenses incurred during the year were: variable selling, and administrative expense were $3 per unit 0 Fixed cost totaled $1,900,000 with 40% of it, is related to selling and administrative I All of the gloves are sold for $180 per unit. A total of 13,000 units were sold during the year. Required: a) Compute the Net Prot under variable costing. [5 marks} b) Compute the Net Prot under absorption costing. [5 marks}