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Need some assistance thank you Lemon Son Bhd intends to manufacture and supply new product in year 2021 for which the following information is provided:

Need some assistance thank you

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Lemon Son Bhd intends to manufacture and supply new product in year 2021 for which the following information is provided: Per unit Selling price RM15.00 Direct materials: Material X RM1.50 per unit Material Y RM1.00 per unit Direct labour RM0.90 per unit Production overhead RM5.00 per unit Additional Information: i. Included in the production overhead cost per unit is the fixed production overhead. of RM 3.00 per unit. ii. Variable selling and distribution overhead is 10% of sales value. iii. The company activity level for the first two months of year 2021 is expected to be: January February Production units 10,000 10,000 + Sales units 6,000 10,000 + Required: a. Prepare the budgeted profit statement for the month of January and February 2021 using the Variable and Absorption Costing method. b. Reconcile the net income/loss under Absorption and Variable Costing method

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