a) X-Bars plc produces one product, Xbay. Each Xbay is budgeted to require 4 kg of Material A at 3 per kg, 4 hours of labour at 2 per hour, and variable production overheads of 5 per unit. Fixed production overheads are budgeted at 20,000 per month, and average production is estimated to be 11,000 units per month. The selling price is fixed at 35 per unit. There is also a variable selling cost of 1.50 per unit and fixed selling cost of 2,000 per month. During the first two months, X plc expects the following levels of activity: Production (unit) Sales (unit) All other results were as budgeted. Required January 12,000 10,000 February 10,500 11,500 i. Prepare a cost card using absorption costing. 20 Marks ii. Set out Profit Statements for January and February. 30 Marks