Awesome Pharmaceutical Sdn Bhd is a manufacturing company producing medical devices, including Personal Protective Equipment (PPE). Due to the pandemic Covid-19 global outbreak, the company is considering to increase their production for PPE. The following data relates to the production of the company for the month of December 2020. Variable cost per unit of PPE: RM Direct material 10.00 Direct labour 5.00 Production overhead 3.00 Fixed cost per month: Production overhead Administrative overhead RM 70,000 45,000 The fixed production overhead absoption rate is determined based on normal production capacity of 20,000 units per month. Actual units produced during the month were 25,000 There were 1,000 units of finished goods in store on 30 November 2020. Due to uncertainties in the demand of the PPE in future, the company has tripled the stock level at the end of December 2020. The selling price was at RM25 per unit. Variable selling and distribution overhead is 2% from total sales value for the month. Total fixed selling and distribution overhead for a year is RM210,000. Required: Prepare the Statement of Profit or Loss for the month of December 2020 for Awesome Pharmaceutical Sdn Bhd using: i. Marginal costing approach Absorption costing approach (10 marks) b. Justify the differences in profit between marginal costing and absorption costing in (a) above. (2 marks) a