Assume that the company uses absorption costing compute the

Reference no: EM13601601

Shastri Bicycle of Bombay, India, produces an inexpensive, yet rugged, bicycle for use on the city's crowded streets that it sells for 792 rupees.

Units in beginning inventory 0
Units produced 17,000
Units sold 14,000
Units in ending inventory 3,000
Variable costs per unit:
Direct materials R 240
Direct labor R 320
Variable manufacturing overhead R 50
Variable selling and administrative R 21
Fixed costs:
Fixed manufacturing overhead R 720,000
Fixed selling and administrative R 870,000

1. Assume that the company uses absorption costing. Compute the unit product cost for one bicycle. (Round your intermediate and final answers to the nearest whole number.)

2. Assume that the company uses variable costing. Compute the unit product cost for one bicycle.

Reference no: EM13601601

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