The module is cost management accounting

Question 4 (13) The following information was obtained from the books of a company: Standard cost per unit: Direct material, R1.00 Direct labour, R1.50 Variable overheads, R0.50 Variable selling costs, RO.25 Selling price per unit, R8 Standard cost per annum: o Standard production per annum, 200 000 (units) o Budgeted fixed overheads per annum, R160 000 During the year, the company provided the following information: Units sold, 160 000 (units) Units produced, 210 000 (units) Actual fixed overheads, R161 000 Administrative costs, R50 000 Selling costs, R60 000 Variances from standard costs, R20 000 (adverse) Required: Show all calculations Prepare a statement of profit or loss according to the variable costing method