Francis Fancy Designs is a manufacturer of a standard aluminum windows. The following data relate to activities for the year of operation, 2021 Direct Material $2 per unit Direct Labour $ 3 per unit Direct Expenses $1 per unit Variable Selling $2 per unit Fixed Production Cost $4 per budgeted unit Fixed Selling Cost $ 5.000 Fixed Admin Expenses $ 10,000 Selling Price $ 25 per unit The actual units produced and sold for the year was as follows: 2021 Produced 2,500 Sold 1.500 Required: Required: a) Prepare both the Marginal as well as the Absorption Costing Statements for 2021 (12 marks) b) Prepare the statement of reconciliation of the net profits obtained under both methods for 2021 (4 marks) Explain the concept of over and under absorption of overheads. (4 marks)