Please take the time to help answer (a) and (b)

Full costing and Marginal costing assignment Q1 The TCT Soft Toy Company produces three types of soft toy: a teddy bear, a rabbit and a penguin. The profit and loss account for the year just ended shows that the penguins made a loss and it has been suggested that they be discontinued. ($OOO) Bears Rabbits Penguins Sales Revenue 500 350 650 Direct Materials 150 80 250 Direct Labour 100 100 250 Variable overheads 50 40 60 Fixed overheads 100 80 110 Total Cost 400 BOO 670 Profit/Loss 100 50 (20) a) Construct a Marginal Costing Statement 16 b) Evaluate the decision to discontinue the penguins [14] (use quantitative and qualitative analysis)