Please work this question and sent it hand written and avoid working on excel sheet. A clear explanation required step by step..

QUESTION 3: 20 marks SHOW ALL SUPPORTING CALCULATIONS FOR THIS PROBLEM. NO MARKS WILL BE AWARDED FOR ANSWERS TO THE PROBLEMS UNSUPPORTED BY CLEARLY SHOWN CALCULATIONS. Denbury Hospitality Products, Inc. is a small-sized food product manufacturer based in the Rocky Mountain regions of the US mid-west. The company started operations in January 2019 and has quickly gained a reputation for its highly popular designer cakes. Denbury uses FIFO to cost its inventory. A new monthly fixed manufacturing overhead rate is calculated by the company's accounting system, based on the actual number of cakes produced each month. At the end of the first two months of operations, the following data was reported: Unit selling price 3 85 Sales in units in Janua 6900 Sales in units in Februa _ 5800 Production units in January 16700 Production units in February 13400 Variable manufacturing cost per unit 5 20 Sales commission cost per unit 4 Total fixed manufacturing overhead costs 1300 Total fixed marketing and administration expenses 760 Finished Goods inventory, Jan 1, 2019 13 Required: 1. Determine the unit product cost per unit produced under absorption costing and under variable costing, for both January and February. 10 marks 2. Prepare an income statement for January using (a) absorption costing, and (b) variable costing. 10 marks