ABC manufactures its product in batches. The following information is available for the year based on budget: Production departments Machining (Budgeted overheads RM12,000; Budgeted direct labour hours 3,000) Finishing (Budgeted overheads RM20,000; Budgeted direct labour hours 2,000) Selling and distribution overheads are 25% of production cost. A batch size is 500 units. Batch 73N97, incurred the following costs: Materials RM24000 Labour 200 hours in machining at RM5 per hour =Rn1000 400 hours in finishing at RM10 per hour = en 400 RM1,000 was paid for the hire of special equipment for testing the quality of Batch 73N97. The company uses 20% gross profit margin to calculate selling price. Calculate the production cost per unit and selling price per unit