A company produces and sells a single product which has the following standard cost data: GHS Variable cost per unit 3.00 Selling price per unit 5.50 Fixed cost per quarter 600.00 The company operated based on a normal activity level of 500 units and the production and sales for the quarters is as follows Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales (Units) 500 400 550 450 Production (Units) 500 500 450 500 There were no opening stock at the start of quarter 1 a. Prepare operating statement for each quarter and in total based on; i. Marginal Costing: ii. Absorption Costing b. Comment briefly on the results obtained in each quarter and in total by the two system