Manufacturing costs
standard variable costs are $11 per unit.The fixed costs are $360000 per annum.
selling costs
variable selling cost per unit is $3.The fixed selling costs are $270000 per annum.The unit selling price is $20.just as the year ended 30th June 2004,the production was 160000 units and sales were 150000 units.the closing inventory on 30th June 2004 was 20000 units.The actual variable production costs for the year were $35000 higher than the standard.

calculate net profit for the year using

variable costing method and absorption costing