The following information is available for a firm producing and selling a single Product. Budgeted costs (at normal activity) Direct materials and labour 264,000 Variable production overhead 48 000 Fixed production overhead 144,000 Variable selling and administration overhead 24,000 Fixed selling and administration overhead 96,000 The overhead absorption rates are based upon normal activity of 240 000 units per period During the period just ended May 2021, 40 000 units valued at the budgeted costs above were in opening inventory, 260 000 units were produced and 230 000 units were sold at N$3 per unit. Actual costs incurred were as per budget Required Compute the Net Profit/Loss value under the absorption costing system