QUESTION 3 NTM MANUFACTURING HAS THE FOLLOWING INFORMATION Selling price per unit R50 1 600 units 2 000 units R13 Sales for the month Production for the month Variable production costs per unit Variable selling and administrative costs per unit Fixed production costs Fixed selling and administration costs R6 R11 900 R6 200 Required 1. Prepare the Income statement for February 2019 according to the marginal costing method 2. Prepare the Income statement for February 2019 according to the absorption costing method 3. Reconcile the profit calculated according to absorption costing with the profit calculated according to marginal costing