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.

Required?

11) Gross Profit Rs.

12) Contribution Margin Rs.

13) Net Profit according to absorption costing Rs.

14) Net Profit according to marginal costing Rs.

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