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Sunshine Products Ltd. had the following information available for the month of December 2014. Sales price $30 Manufacturing Costs: Direct materials $8 Labour costs Variable

Sunshine Products Ltd. had the following information available for the month of December 2014. Sales price $30 Manufacturing Costs: Direct materials $8 Labour costs Variable overheads Fixed overheads Selling and Administrative Costs: Variable Fixed $2 500 $1 500 4 36 $4 $6 $4 600 Production quantity Quantity sold 1 400 units 1 200 units Prepare a Income Statement using marginal costing. (15 marks) Prepare a Income Statement using absorption costing. (15 marks)

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