Question 4 End of Question Paper Question 4 (a) Solo Limited makes and sell a single product. The following data relates Quarter 1 to 4 (Q1 - Q4) of its financial year ended 31 July 2022. Sales Production Q1 Q2 Q3 Q4 500 400 550 450 500 500 450 500 Normal production is 500 units per quarter. There are no opening stock for Q1. Additional information on the product is as follow. RM Fixed cost per period 6,000.00 Variable cost per unit 30.00 Selling price per unit 55.00 Required: Prepare the operating statement for each quarters based on the marginal costing principles. (20 marks) (b) List THREE (3) advantages of absorption costing. (5 marks) [Total: 25 Marks]