The following figures have been taken from the books of Haytham WLL as at 31 October 2020 BD Stock of Raw Materials on 1 November 2019 52,500 Stock of Raw Materials on 31 October 2020 7,500 Purchase of Materials 75,000 Factory Wages 67,500 Factory Expenses 62,250 Establishment Expenses 15,000 Finished Stock on 1 November 2019 22,500 Finished stock on 31 October 2020 11,250 Sales 300,000 Units manufactured during the year ended 31 October 2020 6,000 Required: 1. Explain to a subordinate how to prepare a Cost Statement showing the main components (5 2. Prepare a Cost Statement for the year ended 31 October 2020. (.. 3. The company is required to quote for the price for supply of 2,500 units during the year to 31 October 2021. The cost of material will increase by 15% and factory labor will increase by 10% in the year 2021 Required: Prepare a statement showing the price to be quoted to give the same percentage of net profit on sales as was realized during the year to 31 October 2020. ( 4. Explain the key differences between marginal costing and full absorption costing (