Required:

Calculate following through absorption costing

Normal capacity

Production units

Direct Material

Direct Labour

Variable Overhead

Fixed overhead applied

Total manufacturing Cost

Closing Finished Goods

Opening Finished Goods

Under or over applied

Gross profit

Net Profit

Note* This is the complete question I have pasted the image please answer all the parts as early as possible

Question 3 11 points Save Answer Basic standard cost data of Zahoor & Co. is as under: Opening Finished goods, October, 2007 2,500 units Sales October, 2007 47,500 units Standard variable costs per unit: Rupeels) 8.00 Material and labour Factory overhead 2.00 Distribution expenses 1.00 Selling price per unit Rs. 20 Fixed cost for October, 2007: Manufacturing expenses (Rs.4/- per unit on normal capacity) Rs.200,000 Distribution expenses 75,000 Administration expenses 50,000 Others 25,000 Required: Calculate following throught absorption costing