The Pak General Corporation produces a product which has the following costs:

Variable manufacturing costs Rs. 4 per unit

Fixed manufacturing costs Rs. 200,000 per year

The normal capacity is set at 200,000 units per year

There is no work-in-process in the year

In year, the company produced 200,000 units and sold 90% at a price of Rs. 7 per unit.

Note:

1. No need to enter currency symbol like Rs, $ and so on

2. No need to enter comma between values

3. No need to enter % sign, if answer is in %

4. No need to enter % value in decimal like do not put 0.12 instead of 12.

5. If the answer is in decimal so enter the value in 2 decimal places (2 digits after point)

6. If value come in minus so value should be written in brackets for example (1000)

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Required:

Calculate the following information.

1) Sales Rs.

2) Variable Manufacturing Cost Rs.

3) Fixed Manufacturing Cost according to absorption costing Rs.

4) Fixed Manufacturing Cost according to marginal costing Rs.

5) Total Manufacting Cost according to marginal costing Rs.

6) Total Manufacting Cost according to absorption costing Rs.

7) Opening Finished goods according to absorption costing Rs.

8) Opening Finished goods according to marignal costing Rs.

9) Closing Finished goods according to absorption costing Rs.

10) Closing Finished goods according to marginal costing Rs.

11) Gross Profit Rs.

12) Contribution Margin Rs.

13) Net Profit according to absorption costing Rs.

14) Net Profit according to marginal costing Rs.