Full Furniture Sdn Bhd produces one product - wooden chairs. Each chair is budgeted to require 4kg of wood at RM3 per kg, 4 hours of labour at RM2 per hour, and variable production overheads of RM5 per unit. Fixed production overheads are budgeted at RM20,000 per month and average production is estimated to be 10,000 units per month. The selling price is fixed at RM35 per unit. There is also a variable selling cost of RM1 per unit and fixed selling cost of RM2,000 per month. During the first two months Full Furniture Sdn Bhd expects the following levels of activity: Production Sales January 11,000 units 9,000 units February 9,500 units 11,500 units Required: i. ii. Prepare a cost card using absorption costing and marginal costing. Prepare income statement for the year ending February. (20 marks) (15 marks)