Cold Houz Enterprise produces a type of product which is sold at RM 25 per unit. Until 31 December 2019, 18,000 units of the product were sold. Below is the information regarding the costs incurred in producing 20,000 units in the year 2019. Required: RM Direct material Direct labour 164,000 110,000 Production overhead: Variable 11,000 Fixed 20,000 Administration overhead 55,000 Selling overhead 25,000 a. Prepare the Income Statement of Cold Houz Enterprise for the year ended 31 December 2019 using Absorption costing technique. (8 marks) b. What is the difference between Marginal Costing and Absorption Costing? (2 marks)