Q2 . The information below relates to data concerning a company's operations in a year: + + Units in beginning inventory. + Units produced Units sold.. 0er 10.000- 9,000-2 + Selling price per unit RM602 + Variable costs per unit: + + RM15v2 + RM5ee RM2-2 RM4-2 t + Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative. + Fixed costs in total: Fixed manufacturing overhead. Fixed selling and administrative Direct labour here is a variable cost. 3 + t RM200,000- RM70,0002 t Required: (a) Prepare the statement of profit or loss for the year using absorption costing. marks) (b)Prepare the statement of profit or loss for the year using variable costing. marks) (c) The mooncake is a Chinese bakery product traditionally eaten during the Mid-Autumn Festival, celebrated on the eight month of the Chinese Lunar calendar. If you are the management accountant of a company producing mooncakes and other festive delicacies, explain the impact of sales and production cost of such a product on profits if (1) absorption costing, or (ii) variable costing is adopted, clearly proposing which costing system is most suitable here. (9 marks) [Total: 25 Marks) marks) [Total: 25 Marks] P