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DISCUSSION QUESTION 2 (CLO 3) Microlamp Inc. produces des tamps at its factory. The following relates to the production of the desklamps for the period ending December 31, 20 E Budgeted Actual Production (units) 75,000 80,000 Sales (units) 72 500 77,500 Fixed production cost $750,000 5781,250 Fixed selling overhead $562,500 $562.500 The fixed production overhead was absorbed at a pre determined rate per unit produced. Each desk Lamp was sold for $450. At the beginning of January 2021, there was opening stock of 4,375 units valued at $262,500 this includes feed production overhead of 543.750, Required: (a) Prepare a marginal costing income statement for the company at December 31, 2021 ENG DISCUSSION QUESTION 2 (CLO 3) Microlamp Inc. produces des tamps at its factory. The following relates to the production of the desklamps for the period ending December 31, 20 E Budgeted Actual Production (units) 75,000 80,000 Sales (units) 72 500 77,500 Fixed production cost $750,000 5781,250 Fixed selling overhead $562,500 $562.500 The fixed production overhead was absorbed at a pre determined rate per unit produced. Each desk Lamp was sold for $450. At the beginning of January 2021, there was opening stock of 4,375 units valued at $262,500 this includes feed production overhead of 543.750, Required: (a) Prepare a marginal costing income statement for the company at December 31, 2021 ENG