Question 1 (23 Marks) Windhoek Traders (WT) was formed on the 1 March 2022. The company produces one product known as the Product \\( \\mathrm{W} \\). The following information relates to the planned operations for the 2023 financial period: The following information relates to the actual results for the year ended 28 February 2023 : The management accountant of WT had prepared a profit or loss statement on 28 February 2023 on a variable costing basis, which showed a loss. However, the profit statement prepared on an absorption-costing basis at the same date showed that WT had earned a profit. The company policy is to apply manufacturing overheads based on sales units. The operations director of the company is reviewing both statements and is somewhat confused. \"You can never rely on the Accountants to give you the right figures\", he mutters angrily under his breath as he reaches for his telephone