QUESTION THREE [20] The following information relates to the only product made by Twix (Pty) Ltd during July 2019: Opening Inventory Number of units manufactured 9 000 7 200 R 90 Number of units sold (at R 620 per unit) Direct materials cost per unit Direct labour cost per unit Variable manufacturing overheads per unit R 180 R 90 R 20 Variable selling cost per unit Fixed Manufacturing Overhead cost Fixed Selling and Administrative cost R 450 000 R 170 000 Required: 3.1. Draft the Income Statement for July 2019 using: 3.1.1. The marginal / variable costing method. 3.1.2. The absorption costing method. (8) (8) 3.2. Explain the underlying causes for variances. (4)