Dee's Enterprise manufactures and sells a single product ABC876. The following information relates to unit variable cost of production: Selling price per unit Direct materials per unit Direct labour per unit Variable production overheads per unit Production and sales for January's 2022 are as follows: Production Sales January 6000 5500 $400.00 $80.00 $50.00 $30.00 Tin Fixed production overheads are budgeted at $500,000 and are absorbed on the basis of activity level. The normal level of production is budgeted at 5,000 units per month. Other costs Variable sales commission is $70 Fixed production overhead cost was $620,000 while fixed selling and administration cost is $44,000 per month There was no opening inventory of Product ABC876 at the start of January. Required: A. Prepare a marginal costing income statement for the company. (6 marks] B. Prepare an absorption costing income statement for the company. [12 marks] C. Reconcile the income under both statements. A BI 8 [2 marks]