Cengkih Manis Sdn Bhd is involved in the Food & Beverage industry. Detail information on inventory, production and revenues are given below: Period 1 50,000 55,000 15,000 Period 2 60,000 35,000 Production (litres) Sales (litres) Opening Inventory (litres) Closing Inventory (litres) 25,000 Below are the financial data based on the activity level between 50,000 to 60,000 litres. Direct raw material Direct labour Production overheads Total cost/litre Selling Price Cost/litre (RM) 3.50 6.50 10.00 20.00 35.00 Administration overheads Percentage of Fixed cost in Production overhead RM125,000 55% Required: a. Prepare Operating Statement for Period 1 and Period 2 using Marginal Costing. (10 marks) b. Prepare Operating Statement for Period 1 and Period 2 using Absorption Costing. (9 marks) c. Illustrate THREE (3) differences between marginal costing and absorption costing. (6 marks)