QUESTION FOUR [20] XYZ Ltd produce a mini-kitchen called Tiny Tots, which is enjoying extensive popularity amongst young children. The following data is available for the month of March 2018: Selling price (per unit) R 116 600 2 550 3 050 Units in opening inventory Units manufactured Units sold Variable costs per unit: Direct materials Direct Labour Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative R12,00 R50,00 R6,50 R10,00 R81 000 R14 000 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: 4.1. Prepare an income statement for the month using the variable costing method. (10) 4.2. Prepare an income statement for the month using the absorption costing method