I need an answer to this managerial accounting queation. please submit it even if you are not sure

QUESTION 2 (3O MARKS) You are newly appointed Management accountant of Sooliman (Pty) Ltd, a small manufacturing concern, which produces and sells one product. A computer breakdown wiped out most of the accounting records and the manager asked you to reconstruct management accounts for the year ended June 2017. You gathered the following information from available back-up and some printouts lying around. 1. Inventory on hand at 1 July 2016: 20 000 completed units 2. The actual details for the year ended 30 June 2016 were as follows: - Variable manufacturing costs per unit R950 - Variable selling costs per unit R150 - Fixed manufacturing overheads R401 500 - Fixed selling costs R150 000 - Units produced 110 000 - Selling price per unit R1500 3. The approved budget for the year ended June 2017 were as follows: - Variable manufacturing costs per unit R9.00 - Variable selling costs per unit R1.25 - Fixed manufacturing overheads R450 000 - Fixed overheads sales department R200 000 - Production in units 420 000 - Sales in units 400 000 - Sales price per unit R18.00 4. Actual sales and production for the year ended June 2017 were as follows: - Sales 400 000 units - Production 430 000 units 5. A printout showed the following variances for the year ended June 2017: - Sales price variance R80 000 (favourable) - Variable manufacturing costs expenditure variance R120 000 (unfavourable) - Variable selling costs expenditure variance R20 000 (unfavourable) - Fixed costs expenditure variance: - Manufacturing overheads - Sales department R75 000 (unfavourable) R30 000 (unfavourable) It is company policy to value inventory on the first-in-first-out basis and a tax rate of 35% is applicable. REQUIRED: 1. Prepare actual income statements for the company for the year ended 30 June 2017. (Showing Net Profit after tax) a) The variable costing method b) The absorption costing method 2. Reconcile the Net Profit after tax in 1 (a) with the profit in 1 (b). 3. Calculate the actual break-even point for 2017 in rand