Bochi Sdn.Bhd. manufactures and sell a single product, cost data for the product are given: The product sells for RM60 per unit. Production and sales data for January and February 2018, the first two months of operations, follows: The company's Accounts Department has prepared absorption costing income statement for January and February 2018 as presented below: Required: a) Compute the unit product cost under; i. Absorption costing ii. Variable costing b) Prepare contribution format variable costing income statement for January and February. c) Reconcile the variable costing and absorption costing net operating income figure.

Bochi Sdn.Bhd. manufactures and sell a single product, cost data for the product are given: The product sells for RM60 per unit. Production and sales data for January and February 2018, the first two months of operations, follows: The company's Accounts Department has prepared absorption costing income statement for January and February 2018 as presented below: Required: a) Compute the unit product cost under: i. Absorption costing ii. Variable costing b) Prepare contribution format variable costing income statement for January and February. c) Reconcile the variable costing and absorption costing net operating income figure