REQUIRED Use the information provided below to answer the following questions: 2.1 Prepare the Income statement of Matrix Manufacturers for October 2020 using the: 2.1.1 Variable costing method (9 marks) 2.1.2 Absorption costing method. (9 marks) 2.2 Reconcile the profit calculated according to absorption costing (in 2.1.2) with the profit calculated according to variable costing (in 2.1.1). (2 marks) The following information relates to the only product manufactured by Matrix Manufacturers during October 2020: Opening inventory Nil Number of units manufactured 4 000 Number of units sold 3 500 Selling price per unit R500 Variable manufacturing costs per unit R200 Fixed manufacturing overhead costs R150 000 Variable selling costs per unit R37.50 Fixed selling costs R75 000 Fixed administrative costs R100 000