Selected data for Babar Ltd of past year of operations are presented below Production [ in...

  

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Selected data for Babar Ltd of past year of operations are presented below Production [ in units] Sales [in units] Selling price DLHours Manufacturing cost Raw Materials [S] Salaries of direct labour[S] Variable overhead Fixed overhead Non manufacturing cost Variable selling Fixed selling cost Product X 25000 18000 $4.00 8000 17000 24000 14000 8000 18000 15000 Estimated fixed cost = $28000 Budgeted Machine hours = 8400 Company uses absorption cost based on machine hours REQUIRED Calculate variable cost of goods for the year Find the variable-costing net income Calculate cost of goods for the year using absorption method Find the net income using absorption method Selected data for Babar Ltd of past year of operations are presented below Production [ in units] Sales [in units] Selling price DLHours Manufacturing cost Raw Materials [S] Salaries of direct labour[S] Variable overhead Fixed overhead Non manufacturing cost Variable selling Fixed selling cost Product X 25000 18000 $4.00 8000 17000 24000 14000 8000 18000 15000 Estimated fixed cost = $28000 Budgeted Machine hours = 8400 Company uses absorption cost based on machine hours REQUIRED Calculate variable cost of goods for the year Find the variable-costing net income Calculate cost of goods for the year using absorption method Find the net income using absorption method

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