A FLE WO Ltd bagan business on July 1, making one product X, the standard = are a follows; for which Direct Material 6kg atch. 10 per kg. Thours at sh 10 par kg Direct Labour. Variable overhead sh. 10 par labour hour Fixad overhead Sh. 12 por Labour hour The fixed overhead has been calculated on the budgeted annual output of basis of a 72,000 units to accule evenly over each month. The Selling price per unit of X is sh. 120, and the number of units produced and sold too months for the first were as follows: July August 4,000 6000 3,000 64.00 Requireds i) Calculate the standard cost and profit for one unit. of X (4marks) = Propaic income statement showing the profite for both July and August, Using both Marginal and Absorption cost techniques. (8mks)