b) The following are the data related to Aziz Co. Ltd for the month ended December 31st, 2018 Kshs. 50,000 250,000 Number of units manufactured Opening units were 10000 valued in Nov. Closing stock were 15000 units Direct materials cost for the month Direct labour cost for the month Other variable costs for the month Fixed cost of production Sales and administration: Fixed Variable Sales for Dec 2018 125,000 120,000 80,000 150,000 70.000 50,000 Kshs. 1,850,000 Required 1. Prepare a profit and loss statement for December 2018 under Absorption costing method. (7 marks) I ii. Prepare a profit and loss statement for December 2018 using marginal costing method. (7 marks) Explain why there is a difference in the profit for December 2016 when we use the two different methods. I (3 marks) When will the profits be the same in the two methods? (3 marks) IVI