Ludik Co manufactures Furniture. The following information appeared in the books of Ludic Co for period 1

	Units
Production units	2,500
Sales volume	1,950
	BWP
Variable costs
Production costs per unit	450
Selling and distribution per unit	300
Fixed costs
Production costs	210,000
Selling and distribution	75,000

Required:

Prepare operating statements using Absorption and Marginal costing.

Explain to the shareholders why the operating profits are different

NO SELLING PRICE IS GIVEN