YYZ Corp. manufactures and sells a variety of camping products. Cost, production and sales data for the 2015 of operations are shown below: Costs Administrative staff salaries. Head office rent . Direct labor........... .$ 100,000 Machinery's depreciation . 100,000 Head office utilities. . .... . 120,000 Plant Manager Salary.. . 25,000 Factory Insurance. 32,000 Factory's rent 15,000 Production supervisor salary.. 20,000 35.000 Plant repairs ...... Factory Utilities.. 15,000 . 10,000 Direct Material........ . 30,000 Production and Sales .30,000 Units sold ........ Units produced. 12,000 8,000 In 2014 Co. had produced and sold 10,000 units and made a profit of $ ?????. under both approaches. The results of 2015 confused the management as both approaches reflect different profits though there is no change in cost and selling price as compare to 2014. The selling price of portable cooking unit is $1 10 per unit Required: Keeping in mind all the concepts you have learned under Product costing system, answer the following requirements a. The amount of Profit for the year 2014 and 2015 for i. External Reporting Purpose. ii. iii. Internal Reporting purpose. Why there is a difference in profit between i and ii in 2015. b. Why there was no difference in profit under both approaches in the year 2014. c. Determine the per unit product cost under Absorption and Variable costing and through put costing. d. Determine the total period cost under Variable costing. E. Determine the cost of goods sold under Absorption costing. Amount of EBIT Company is supposed to report under Absorption, Variable costing. (Hint: Do not prepare Statements) Corp is planning to outsource the production of cooking unit, in this regard a vendor offer a price of $ 20 per unit, Advice company shall he accept this offer or not