XYZ limited produces packaging cans. In the month of June $2020,$ they produced

$10,000$ cans. Cost and revenues were as follows:

Kshs

Sales $50,000$

Production costs: Variable $17,500$

Fixed $7,500$

Administration and selling overheads $12,500.$ Required:

Assuming that all cans produced were sold, prepare operating statements using;

i$)$ Variable costing ii$)$ full costing