ology, Jamaica Online MY COURSES UTEL "Time left 0:41:18 Quiz navigation Question Untitled section 3 Tech Plus produces and sells laptop cases at its factory. The following information relates to the production of the cases for the period ending March 1 2 3 Answer saved 2022. Marked out of Structured Questions 15.00 Budgeted 4 5 6 7 8 Flag question Production (Units) 180,000 13 Sales (Units) 174,000 Variable Prod. Cost @ $50 per unit $9,000,000 Finish attempt .. to ACC2011 Fixed Prod. Overhead $1,800,000 $1,350,000 ting Fixed Selling Actual ment Dates Variable Prod. Cost @ $50 per unit $9,600,000 $1,875,000 nment Fixed Prod. Overhead Fixed Selling $1,350,000 it 1 - Accounting for Production (Units) 192,000 terial, Labour and 186,000 verheads Sales (Units) init 2- Marginal and M @ USTime left 0:41:08 The fixed production overhead was absorbed at a pre-determined rate per unit produced. One laptop case is sold for $260. At the beginning of March 2022, there was an opening inventory of 10,500 units valued at $630,000. Required: (a) Prepare a marginal costing income statement for the company. [3 marks] (b) Prepare an absorption costing income statement for the company. [10 marks] (c) Reconcile the income under both statements. [2 marks] 1 AY B F for