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Question 2 (18 marks) On February 1, 2017, there were 10,000 bottles of cane juice in inventory at Naturally Sweet The budgeted fixed overhead for the period was $150,000 and the budgeted production units were 75.000 Below are data relevant to the year ended January 31, 2018 to manufacture and sell cane juice Selling price per unit $100 Labour cost per unit $20 Direct material per unit SIS Direct expense per unit 55 Variable overheads per unit $15 Fixed overheads (actual) $190.000 Variable selling per unit $$ Actual production 80,000 Actual sales 85,000 Required: a. Prepare an income statement using marginal costing 15 marks! [11 marks b. Prepare an income statement using absorption costing. c. Reconciling profits between marginal costing and absorption costing 12 marks