SECTION B SONGA LABAN Limited commenced business on 1st June making one product called "ADAMA", the standard cost per unit is as follows: N Direct Material 80 Direct Labour 50 Variable Production overhead 20 Fixed Production overhead 50 200 Standard Production Cost The fixed production overhead figure has been calculated on the basis of a budgeted normal output of 36,000 units per annum. The budgeted fixed selling and distribution expenses of N120,000 are evenly incurred throughout the year. Variable selling and distribution expenses is 15% of the sales value. The selling price per unit is N350 and the numbers of units produced and sold for the month of June were: Production Sales 2,000 units 1,500 units You are required to prepare profit statements for the month of June using the following techniques: a. Marginal costing (5 Marks) b. Absorption costing (5 Marks) Total (15 Marks)