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QUESTION 6 [l4 MKS} Le Tran is the major supplier of mask for HEM markets. During the nancial year that ended 31 March 1022, the
QUESTION 6 [l4 MKS} Le Tran is the major supplier of mask for HEM markets. During the nancial year that ended 31 March 1022, the following information was extracted: I Detailed balance of nished goods inventoryr of gloves: man I As planned, the factor},r produced Z units of gloves during the year. I The variable manufacturing cost incurred were: direct material cost were $3 per unit, direct labour cost were $12 per unit and variable manufacturing overhead were W per unit total I The selling and administrative expenses incurred during the year were; variable selling. and administrative expense were $3 per unit I Fixed cost totaled $l,9{),(} with 441194} of it, is related to selling and administrative I All of the gloves are sold for $130 per unit. A total of 13,,DDU 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} c} Compute the Net Prot under variable costing. {4 marks}
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