Hi good morning tutor. I need your help on this question. I'm stuck with this. Please help me to clear and explain the answer step by step. The subject is : Business accounting

Question 3 Peh Sdn. Bhd. manufactures a single product, Happy Cake. The standard cost per unit of Happy Cake is as follows: RM Direct materials 12.00 Direct labour 8.00 Variable production overheads 2.50 Fixed production overheads 1.50 Standard cost per unit 24.00 The budgeted normal output per annum is 120,000 units. The fixed production overheads are calculated based on this normal output level. Fixed selling and administrative expenses are RM270,000 per annum. Fixed costs are assumed to accrue evenly throughout the year and actual fixed costs are the same as budgeted. The following information relates to Happy Cake for the month of December 2020: Selling price per unit (RM) 48 Sales (units) 25,000 Production (units) 30,000 There were no opening inventories at the beginning of December 2020. This question paper consists of 4 questions on 6 printed pages. 5 ABFA3044 BUSINESS ACCOUNTING Question 3 (Continued) Required: Prepare the Statement of profit or loss of Peh Sdn. Bhd. for the month of December 2020 using the following approaches: (a) Marginal costing; (10 marks) (b) Absorption costing. (15 marks) [Total: 25 marks]