olicoeur Ltd produces and markets a single product. Following budgeted

information is available from the firm$$s records for the month of March and April

$2022$:

March April

Sales $100,000$ units $105,000$ units

Production $120,000$ units $110,000$ units

Standard costs:

Direct materials per unit $-0\mathrm{.}8$ kg at Rs$.60$ per kg

Labour per unit $-27$ minutes at Rs$.80$ per hour

Variable production overheads $-$ Rs$.40$ per labour hour

Variable selling expenses $-$ Rs$.15$ per unit

Fixed selling expenses Rs$.800,000$

Fixed production overheads, at a normal output level of $105,000$ units per month, are

estimated at Rs$.2,100,000.$ The estimated selling price is Rs$.180$ per unit. Actual fixed

production overheads amounted to Rs$2,000,000$ and Rs$2,050,000$ for the months of

March and April respectively.

Required:

Assuming there are no opening stocks at the start of March, prepare the firm$$s profit

and loss statement for the months of March and April $2022,$ using marginal costing

and absorption costing.