Kiwenkira & Son Ltd makes and sells a single product marketed under a brand name Kiwetonic for the West African sub region and has total production capacity of 30,000 units per month.

The budget for January 2020 contained the following information:

Normal capacity (Units)	27,000
Variable costs per unit:
Production (GH)	110
Selling and distribution (GH)	25
Fixed overheads:
Production (GH)	756,000
Selling and administration (GH)	504,000

The actual operating data for January 2020 is as follows:

Production	24,000 units
Sales at GH250 per unit	22,000 units
Opening inventory of finished goods	2,000 units

During the month of January 2020, the variable factory overheads exceeded the budget by GH120,000.

Required:

1. Prepare profit statement for the month of January using:
2. Marginal costing: and
3. Absorption costing techiques
4. Reconcile the difference in profits (if any), under the two techeques