Garden Furniture Limited manufactures one product, an outdoor garden furniture. The following information is available for one financial period: Number of garden furniture manufactured 3,000 units Number of garden furniture sold 2,400 units Fixed Production overheads 165,000 Variable Production overheads 60,000 Direct materials 50 per furniture Direct labour 60 per furniture Selling price 250 per furniture There is no opening inventory at the start of the financial period. Both direct material and direct labour are variable costs. Required: a) Calculate the marginal cost of producing each garden furniture (3 marks) b) Calculate the expected contribution per garden furniture (3 marks) c) Calculate the absorption cost per frame using the units produced (5 marks) d) Prepare a marginal costing statement to clearly show the total contribution and the net profit of the year (6 marks) e) Based on the marginal statement what could be the profit or loss be if all garden furniture produced were sold