Namib Processor Limited makes and sells one product. The standard production cost per unit is as follows: N$ Direct Labour 3 hours @ N$ 6 per hour 18 Direct Material 4 kg @ N$ 7 per kg Production overhead Variable Production overhead Fixed Standard Production cost 69 Normal output is 16 000 units per annum and this figure is used for the fixed production overhead calculation. Cost relating to selling, distribution and administration are: Variable is 20% of sales value Fixed is N$ 180 000 per annum The only variance is a fixed production overhead volume variance. There are no units in finished goods stock at 1 October 2017. The fixed overhead expenditure is spread evenly throughout the year. The selling price per unit is N$ 140.00 The number of units to be produced and sold for the two six monthly period detailed bellow is budgeted as follows; Production Sales Six months ending 31 March 2017 8 500 7 000 Six months ending 30 September 2017 7 000 8000 REQUIRED: 1.1 Prepare the statements of comprehensive income for the two six monthly periods as per, (a) Variable costing method (b) Absorption costing method (c) Reconcile the profit between the two methods