Hachitoshi Ltd produces and sells a single product. The following information have been extracted from the budgets and standard cost of Hachitoshi Ltd for the month of July and August. Normal level of activity is 15,000 units per month. Variable selling overheads are 8% of sales value. Selling price per unit is K80. REQUIRED 1. Calculate production cost per unit for the month of July using Marginal costing and absorption costing methods (4 Marks) 2. Prepare profit statement for each of the two months using (a) Absorption Costing method (8 Marks) (b) Marginal Costing Method clearly showing total contribution (10 Marks) 3. Prepare a statement that reconciles the two profit figures found in (2) above for each of the two months (3 Marks) (Total 25 Marks)