Question 12 (15 Marks, 27 Minutes) Supp 2018 The Singular Company makes and sells a single product. The following data relates to production costs for quarter 1. Variable cost per unit N$300 Fixed cost per quarter N$450 000 Normal activity is 50 000 units and production and sales for the quarters are as follows: Quarter 1 Quarter 2 Sales units 46 000 45 000 Production units 45 000 50 000 Selling price per unit N$545 N$550 Fixed selling and administration costs N$ 35 000 N$ 35 000 Additional information: Opening inventory at the start of quarter 1 was 3 000 units. Variable cost per unit increased by 10% in the 2nd quarter. Variable selling and administration costs are N$80 per unit sold in the 2nd quarter. REQUIRED: MARKS 12.1 Show the flow of units (Opening and closing inventory, Production and Sales) as well as unit costs for quarter 1 and 2. 12.2 Prepare a statement of comprehensive income for quarter 2 using absorption costing principles. 12.3 Use your answers in 12.1 and 12.2 to calculate the profit as per marginal costing.(Only prepare a reconciliation of profits) TOTAL MARKS FOR QUESTION 12 15