A) KAE BEE developed the following information for March, 2022, its first month of operations: Production Sales Variable cost per unit Direct material Direct Labour Manufacturing overhead Unit 16,000 12,000 RM 5 3 4 Selling and Administration Expenses 2 Fixed Cost Manufacturing overhead Selling and Administration Expenses Selling price per unit REQUIRED: RM 44,800 31,000 20 i. Calculate the product cost per unit using Absorption costing and Marginal costing. (4 marks) ii. Prepare the Income Statement using the Marginal costing for the month of March 2012. (6 marks) iii. Calculate the net income (loss) for the absorption costing. (1.5 marks) B) Syukran Sdn Bhd (SSB) has prepared the standard cost data for his product as follows: Direct Material Direct Labour Variable Manufacturing Overhead 15 meters @ RM10 8 hours @ RM 14 per hour 8 hours @ RM 10 per hour The actual data and activities incurred in January 2018 as below: Direct Material Purchased 40,000 meters @ RM10.60 per meter 37,000 meters Direct Material Used Direct Labour 21,000 hours @ RM13.40 per hour Variable Manufacturing Overhead RM228,000 Production Unit 2,500 unit REQUIRED Calculate: i) Price Variance and Quantity Variance for Direct Material (5 marks) ii) Price Variance and Quantity Variance for Direct Labour. (4.5 marks) iii) Expenditure and Efficiency Varian for Variable Manufacturing Overhead. (4 marks)