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Need help with question 1 . 1 and 1 . 2 steps by step A cornpany manufactures and seas a single prodtnt. Bodgeted data per

Need help with question 1.1 and 1.2 steps by step
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A cornpany manufactures and seas a single prodtnt. Bodgeted data per unit of the product is: Sell Price VObie Cost' Fixed ProJctOn overhead 860 370 290 All varNe costs are manufacturing i.e there are no non-manufacturlng viribl above fixed production overtmd absorption rate is based on budgeted production of 12.000 units per period. mn-pr0ductiM overhead (A1 fixed) is R16, 800 per period, Atual saes and protaction for two periods has been: Sales Productim Period 1 11 600 12000 units Period 2 12 400 units 12 300 units Tterewas no stockatttE startofPeriodfTheliingoric4ilinitVa/iabl Costsa totalfiiedcosts were asper budget in both periods. REQUIRED 1.1 Prepare statements of Comprehensive iroomei rbothe showirg the actual results for each of the two 1 using ccsfrg, (7) 1.2The company wishes to compare the results reported 1 1 above with those that would be reported using mzgind costing. Prepare tie staternent of cornprehensive income for periods (iC period & Period 2), using ma@nal costing, stowing tie actual results for each of the two periods. 1-3 44Exviain fully Why the profits reported in period 1 differ when BrOfitiii caiCuIatilikiiigiibSorptk)ti' marginal costir4CaIculations are 1

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