Asghar Manufacturing Company sells its products for Rs.33 each. The current production level is 50,000 units,...

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Asghar Manufacturing Company sells its products for Rs.33 each. The current production level is 50,000 units, although only 40,000 units are anticipated to be sold. Unit manufacturing costs are: Direct materials Direct manufacturing labor Variable manufacturing costs Total fixed manufacturing costs Marketing e Rs. 6.00 Rs. 9.00 uditing Rs. 4.50 ng Rs.180,000 Required: (a) (b) Prepare an income statement using variable costing. Desources sood an income statement using absorption costing. Asghar Manufacturing Company sells its products for Rs.33 each. The current production level is 50,000 units, although only 40,000 units are anticipated to be sold. Unit manufacturing costs are: Direct materials Direct manufacturing labor Variable manufacturing costs Total fixed manufacturing costs Marketing e Rs. 6.00 Rs. 9.00 uditing Rs. 4.50 ng Rs.180,000 Required: (a) (b) Prepare an income statement using variable costing. Desources sood an income statement using absorption costing.

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