Question 4 [25marks] God's Will Ent., GWT, started its business in 2021. The following information was available for January to March 31, 2021 for the company that started to produce a single product: GHE 200 40 Selling price per unit Direct materials per unit Direct Labour per unit Fixed factory overhead per month 20 60,000 Page 4 of 10 10 Variable factory overhead per unit Fixed selling overheads Variable selling overheads per unit 2000 8 Budgeted activity was expected to be 2,000 units each month Production and sales for each month were as follows: January February March Unit sold 2,000 1,600 2,200 Unit produced 2,000 2,600 1,800 Required: Prepare profit statements based on absorption costing system, for God's Will Ent., GWT, for the three months ending 31/03/2021. [ 25 marks]