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Shastri Bicycle of Bombay, India, produces an inexpensive, yet rugged, bicycle for use on the city's crowded streets thet it sells for 862 rupees. (Indian

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Shastri Bicycle of Bombay, India, produces an inexpensive, yet rugged, bicycle for use on the city's crowded streets thet it sells for 862 rupees. (Indian currency is denominated in rupees, denoted by .)Selected data for the company's operations last year follow: Required: 1. Assume thet the company uses absorption costing. Compute the unit product cost for one bicycle. 2. Assume thet the company uses variable costing. Compute the unit product cost for one bicycle

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