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{"ops":[{"insert":"Moona Inc. produces Mobile phones. Information of the company's operations last year appear below:\n\n  "},{"attributes":{"bold":true},"insert":"Fixed cost: "},{"insert":"\n \n   Fixed Manufacturing overhead\n Rs\u00a0\u00a0\u00a0\u00a040,000\n   Fixed Selling & Administrative\n \u00a0Rs\u00a0\u00a0\u00a0\u00a060,000\n   \n \n   "},{"attributes":{"bold":true},"insert":"Selling Price per unit"},{"insert":"\n "},{"attributes":{"bold":true},"insert":"Rs 100"},{"insert":"\n   \n \n   "},{"attributes":{"bold":true},"insert":"Variable cost per unit:"},{"insert":"\n \n   Direct Materials\n Rs 30 \n   Direct labor \n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Rs 10\n   Variable Manufacturing overhead\n Rs 5\n   Variable Selling & Administrative\n Rs 2\n   \n \n   Units In beginning Inventory \n 0 \n   Units Produced\n 2000\n   Units Sold\n 1900\n  \n \n \n \n"},{"attributes":{"bold":true},"insert":"Required:"},{"insert":"\n \n "},{"attributes":{"bold":true},"insert":"a"},{"insert":". Compute the unit product cost under both absorption and variable costing.("},{"attributes":{"bold":true},"insert":"2 Marks"},{"insert":")\n "},{"attributes":{"bold":true},"insert":"b."},{"insert":" Prepare an income statement for the year using absorption costing.( "},{"attributes":{"bold":true},"insert":"3 Marks"},{"insert":")\n "},{"attributes":{"bold":true},"insert":"c"},{"insert":". Prepare a contribution format income statement for the year using variable costing.("},{"attributes":{"bold":true},"insert":"3 Marks"},{"insert":")\n"},{"attributes":{"bold":true},"insert":"d."},{"insert":" Prepare a report reconciling the difference in net operating income between absorption and variable costing for the year.\u00a0("},{"attributes":{"bold":true},"insert":"2 Marks)"},{"insert":"\n \n \n"}]}

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