Thotho manufactures headscarves. The following information is available in her books on December 31, 2012. BWP Opening i

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Thotho manufactures headscarves. The following information is
available in her books on December 31, 2012. BWP Opening inventory
1,500 Headscarves made during the year 9,000 Headscarves sold
during the year 9,500 Closing inventory 1,000 Selling price 90
Manufacturing costs: Variable costs: - Direct material/headscarf -
Direct labour hour cost used to make one scarf - Variable
manufacturing overhead Fixed manufacturing overheads per year 25 9
5 150,000 Selling and administrative costs: Commission paid for
selling one scarf Fixed selling and administration costs per year
10 100,000 Required: a) Prepare the income statement for the year
ended December 31, 2012 using i) Variable costing. (15 marks) ii)
Absorption cost (15 marks) Please help, assignment due in an
hour.