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Question # 2 Following data relates to Shehla Sister Ltd engaged in production and marketing a computer component: MARGINAL AND ABSORPTION COSTING Yasin Turabi Units Produced Units Sold July 1998 10,500 5,000 Rupees 500,000 500 250 50 120,000 130,000 August 1998 5,000 10,000 Rupees 500,000 500 Fixed manufacturing cost Unit selling price Variable cost per unit Per unit fixed factory overhead rate Marketing overheads fixed Administrative overheads 250 50 120,000 130,000 Required: (a) Comparative Income statement for each month on absorption Costing basis. (b) Comparative income statement for each month on marginal Costing basis