\fRequired: {a} Prepare a prot statement for each of the periods 1 to 4, based onthe variable costing system {19 marks} (b) Prepare a prot statement for each of the periods 1 to 4-, based on the traditional ahsorotiort costing system. (It! marks) {c} AserrIse thatiis manufacturing corlilgsauijl.r makes Christmas decorative. If you are the management accountant; explain briey the impact of sales and production cost of such a product on prots if (3';- absorption cosng, or (ii) variable costing is adopted, and propose which costing system is most suitable here. {5 marks) [Iotak 25 Marks] Required: {a} Prepare a prot statement for each of the periods 1 to 4, based onthe variable costing system {19 marks} (b) Prepare a prot statement for each of the periods 1 to 4-, based on the traditional ahsorotiort costing system. (It! marks) {c} AserrIse thatiis manufacturing corlilgsauijl.r makes Christmas decorative. If you are the management accountant; explain briey the impact of sales and production cost of such a product on prots if (3';- absorption cosng, or (ii) variable costing is adopted, and propose which costing system is most suitable here. {5 marks) [Iotak 25 Marks]