Which of the following relate to marginal costing and which to absorption costing?

                                                                                                                                 Marginal  costing           Absorption  costing

The cost of a product includes an allowance for fixed production costs.  

The cost of a product represents the additional cost of producing an extra unit.  

The following data are for questions 155 and 156

The budget for Bright's first month of trading, producing and selling boats was as follows:

                                                                   $000

Variable production cost of boats               45

Fixed production costs                               30

Production costs of 750 boats                   75

Closing inventory of 250 boats                 (25)

Production cost of 500 sold                       50

Variable selling costs                                 5

Fixed selling costs                                     25

                                                                  80

Profit                                                         10

Sales revenue                                           90

The budget has been produced using an absorption costing system.