The following data have been obtained from the books of a company:

Production Volume

50,000 units

Sales Volume

48,000 units

Selling Price per unit

Rs. 50

Materials per unit

Rs. 20

Labour per unit

Rs. 10

Production Overheads:

Variable

Rs. 6 per unit

Fixed

Rs. 2,00,000

Administration & Selling Overheads:

Variable

Rs. 3 per unit

Fixed

Rs. 1,56,000

Prepare an Income Statement under: (i) Absorption Costing technique; and (ii) Marginal Costing technique.