M a) In the coming year, King Company expects to sell 28.700 units at RM32 each. King's controller proded the following information for the coming year. Units production 30,000 M Unit direct materials 9.95 Unit direct labor 2.75 Unit variable overhead 1.65 Unit xed overhead' 2.50 Unit selling expense (variable) 2.00 Total fixed selling expense 65,500 Total fixed administrative expense 231.000 * The unit xed overhead is based on 30.000 units produced. Required: i. Calculate the cost of one unit of product under absorption costing. (1 mark) ii. Calculate the cost of one unit of product under variable costing. (1 mark) iii. Solve operating income under absorption coating for next year. (2 marks) iv. Solve operating income under variable costing for next year. {2 marks) b} Lola Company produces aluminium cans. Production of l2-ounce cans has a standard unit (summit)r of 4.5 ounces of aluminium per can. During the month of April. 3001130 cans were produced using 1,250,000 ounces of aluminium. The actual cost of aluminium was RM0.09 per ounce and the standard price was RM0.08 per ounce. There are no beginning or ending inventories of aluminium. Required: i. Interpret the total variance for aluminium for the month of April. (2 marks) ii. interpret the materials price and usage variances. (2 marks)