QUESTION $2(20$ MARKS$)$ REQUIRED $2\mathrm{.}1$ Use the information provided below to prepare the Income Statement of Turbo Manufacturers for the month ended $31$ August $2024$ using the following methods: $2\mathrm{.}1\mathrm{.}1$ Variable costing. $(9$ marks$)2\mathrm{.}1\mathrm{.}2$ Absorption costing. $(9$ marks$)2\mathrm{.}2$ Reconcile the profit calculated according to variable costing $($in question $2\mathrm{.}1\mathrm{.}1)$ with the profit calculated according to absorption costing $($in question $2\mathrm{.}1\mathrm{.}2).$ Your answer must include the calculation of the fixed manufacturing costs in inventory. $(2$ marks$)$ INFORMATION The following information relates to the only product produced by Turbo Manufacturers for the month ended $31$ August $2024$: Sales price per unit R$300$ Direct materials cost per unit R$50$ Direct labour cost per unit R$100$ Variable manufacturing overhead costs per unit R$55$ Variable selling and administrative costs $5\%$ of sales Fixed manufacturing overhead costs per month R$300000$ Fixed selling and administrative costs per month R$100000$ Opening inventory Nil Number of units manufactured $20000$ Number of units sold $18000$