The following projected financial data is available for the single product of Janis Ltd:- October November December Sales (unit) 50,000 65,000 65,000 Production (unit) 70,000 60,000 50,000 Opening Stock (unit) - 20,000 15,000 Closing Stock (unit) 20,000 15,000 - Sales price per unit 20 Variable cost per unit Direct Materials 5 Direct Labour 4 Production Overhead 4 Production Overhead is absorbed at the rate of 100% of direct labour based on an activity level of 60,000. 50% of Production Overheads are fixed while the remainder are variable. Fixed Sales and Administration Overheads are projected at 200,000 Requirement Prepare a Profit Statement for each of the three months using Marginal Costing Absorption Costing