Mekar Trading Sdn. Bhd. is a new company that manufactures and sells a single product. The product is sold at RM45 per unit. The company's records provided the following information for the company's first year of operation in 2021: Units produced Units sold 32,000 units 30,000 units Variable cost per unit: Direct materials RM5.00 Direct labour RM10.00 Variable manufacturing overhead Variable selling and administrative RM4.00 RM3.00 Fixed cost per annum: Fixed manufacturing overhead Fixed selling and administrative RM320,000 RM180,000 Required: a. Compute unit product cost under variable costing and absorption costing method. (5 marks) b. Prepare an income statement under variable costing and absorption costing method. (13 marks) c. Prepare profit reconciliation statement to reconcile the profit under both methods. (3 marks) d. Briefly explain why the two costing methods reported different profit figure. (4 marks)