Marginal and Absorption, Accounting Basics

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the guinegog is a trader in portable cd-man. His budgeted output is 5000 units per quarter. The following data was available for the year 1998:
Direct labour @ $6
Direct material @ $8
fixed production costs per quarter @ $4
fixed selling and distribution cost per quarter $12,000
fixed admin expenses per quarter $8,000
selling price per unit $30
output per quarter i. 4000 ii.5200 iii. 4500 iv. 5500
Sales per quarter i. 3000 ii. 5000 iii. 4000 iv. 6000
prepare the marginal and absorption costing statement per quarter. Show also the net income reconciliation statement.

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