QUESTION 1: [15 MARKS] a) Assume that you have been given a job as an intern at Alova Sdn. Bhd. The company which is privately owned has approached a bank for a loan to help finance its growth. The bank requires financial statements before approving the loan. Classify each cost listed below as either a product cost or a period cost for the purpose of preparing a financial statement for the bank. (5 marks) Depreciation on salespersons' cars. Rent on equipment used in the factory Lubricants used for machine maintenance Advertising costs. Factory supervisors' salaries i. ii. iii. iv. V. b) Brim Sdn. Bhd, accumulates the following data concerning a mixed cost, using kilometers (KM) as the activity level. KM Month Driven January 16,000 February 15,000 Total Cost Month 28,300 March 27,000 April KM Driven 17,000 16,400 Total Cost 30,000 28.980 the You are required to: i. determine the fixed and variable components of the total cost, using the High-low method and ignore inflation. (3 marks) ii. estimate the total cost if a distance of 18,900 kilometers is driven. (2 marks) C) The following information is available for Dalkin Sdn. Bhd. Details Raw material Inventory Work in process inventory Finished goods inventory Material purchased Direct labor Manufacturing overhead Sales Revenue Jan 1, 2021 RM 630.000 405.000 810,000 During 2021 Dec 31, 2021 RM RM 900.000 516,000 630,000 4.500,000 6,600,000 5,400,000 27.300.000 Based on the above information, compute the cost of goods manufactured schedule