1:49 Gmail Test 1 for ACC 420... Q TESTI ACC 420 Rules 1. Answers should be handwrimon and posted in PDF file 2. All answers should be similar to the answers provided in the example given in review question NEAT and READABLE 3. Any awer given after the due date and time will be marked 70% Question ECD Lid has managers who are trying to find the two ways of calculating product cost and come statement these are the variable costing and absorption costing methods Selected data for ECDLsd are presented below Product X Hortute for direct labour S25 Materials used in production direct S 10.500 Direct Labour Hours 350 Produced units during this period 450 Sales in units 3000 Selling price S16 50 Variable overhead VON SU Fixed Overhead [FOH) SIS Ne manufacturing cost Variable selling S000 Fixed selling cout 56500 Variable admin S7400 Fixed admin cost SI700 Endingimentary SX20 Beginning Inventory 51790 REQUIRED 1. Calculate product cost of product X using variable cod 2. Calculate variable cost of goods for the year 3. Find the variable-costing net income 4. Calculate product cost of product X using a sorption cost 5. Calculate cost of goods for the year using aption method 6. Find the set income using absorption method mark Question 2 Part A Sample questi