Marginal & Absorption Costing - Assignment 20C Ebby Co. Ltd had the following information for four (4) periods. (per unit) Selling price 240 Variable costs: Direct materials 60 Direct labour 40 Production overheads 20 Selling and admin. 20 Fixed costs from standard production capacity of 20,000 units are: Production $400,000 Selling and Administration $600,000 Sales Output and sales in units are given below: Periods 1 2 3 Opening stock 6,000 2,000 8,000 6,000 Production 20,000 24,000 18,000 22,000 24,000 18,000 20,000 24,000 Closing stock 2,000 8,000 6,000 4,000 Required: Prepare the operating statement for Nile Manufacturing Ltd using marginal costing and absorption costing