Giant Company is a company that produces and sells a type of product. Information on the costs of the product is as follows: RM Per Unit Variable Cost: Direct Materials Direct Labour Manufacturing Overheads Sales and Administration Total Variable Cost Per Unit Monthly Fixed Expenses: Manufacturing Overheads Sales and Administration Total Fixed Cost in a Month 6.00 12.00 4.00 3.00 25.00 240,000 180,000 420,000 The selling price per unit is RM40.00. Below is the information on the company's production and sales in the first two months of its operation, namely, in January and February 2020: January February Units Produced 30,000 30,000 Units Sold 26,000 34,000 REQUIRED: (a) Determine the product costs per unit by using both marginal and absorption costing methods. (b) Prepare the income statements for the months of January and February by using the marginal costing method. (c) Prepare the income statement for the months of January and February using absorption costing method. (d) Prepare a statement reconciling the profit from (b) with your profit from (C). (e) Discuss the arguments in support of variable costing