Saved ss Quiz - Chapter 8 Bharat Bicycle, located in India, produces an inexpensive yet rugged blcycle for use on crowded city streets. The company sells the bicycle for 700 rupees. (Indian currency is denominated in rupees, denoted by R.) Selected data for the company's operations last year follow: 0 14,000 13,000 1,000 R202 R228 Units in beginning inventory Units produced Units sold Units In ending inventory Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative R62 R43 R924,000 R616,000 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one bicycle Unit product cost > Accrime that the men wariable ratin Camnite the init narract for MacBook Air R43 Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative R924,000 R616,000 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one bicycle unit product cost 2. Assume that the company uses variable costing. Compute the unit product cost for one bicycle Unit product cost MacBook Air 80 . DOO DOO F3 F4