You have been appointed as the Management Accountant for Modern Ltd that produces and sells two products, Product X and Product '1'. The following information is available for Dec 2020: Sales [units] 4,500 3.200 direct materials direct Eabor xed production overheads variable selling overheads varTabEe production overheads Fixed production overheads for the period were 210,000 and xed administration overheads were 54,.D. Calculate costs using appropriate techniques of cost analvsis to {a} Prepare an income statement for Dec 2020 based on marginal costing Principles. | [b] Prepare an inoome statement for Dec 2020 based on absorption posting principles. [c] Produce nancial reports {income statements] that accurately;r apply and interpret data for complex business activities and provide an accurate interpretation and analvsis on the performance for the month of Dec 2020