Task 1 As a consultant you were approached by the board of directors at J\&J Manufacturing Company to conduct a seminar as an effort to address Marginal and Absorption Costing. You are commissioned to: Present EIVE (5) arguments in support of the use of: You have recently been appointed as the Production Manager at the Harcourt Ltd. The General manager and the Management team have an archaic view of the concept of 'contribution' in the marginal cost statement. In your next Department Heads Meeting, you want to continue your awareness-building efforts. In your presentation, you should: Briefly explain the importance of the concept of contribution. (5 marks) Task 3 Conduct a research to identify the importance of marginal and absorption costing on profit determination and inventory valuation. (9 marks) Task 4 Gates Manufacturing operations for 2021 are as follows: Variable selling expenses is 10% of sales value. Normal capacity was 11000 units per month. Using the two methods: A. Compute the unit production cost B. Determine the value of the closing inventory (4 marks) C. Prepare the Marginal Income Statement and the Absorption Income Statement for March and April 12 marks) D. Reconcile the net profits for March and April