Budgeted	Actual
Production (units)	75,000	80,000
Sales (units)	72,500	77,500
Fixed production cost	$750,000	$781,250
Fixed selling overhead	$562,500	$562,500

The fixed production overhead was absorbed at a pre-determined rate per unit produced. Each desk lamp was sold for $450. At the beginning of January 2021, there was opening stock of 4,375 units valued at $262,500; this includes fixed production overhead of $43,750.

Required:

(a) Do a marginal costing income statement for the company at December 31, 2021

(b) Do a absorption costing income statement for the company at December 31, 2021

(c) Reconcile the income under both statements

(d) Calculate the break-even points in units and sales value.