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Question 1 Roofer Manufacturing produces fireproof data storage containers that sell for RM6,000 each. The company has the following cost structure for 2017 and 2018:

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Question 1 Roofer Manufacturing produces fireproof data storage containers that sell for RM6,000 each. The company has the following cost structure for 2017 and 2018: Manufacturing costs: Direct material per unit Prime Direct labor per unit F Variable production overhead per unit Total variable production costs per unit RM 1,000 2,000 500 3,500 Fixed production overhead per year 2,000,000 Selling costs: Variable selling costs per unit (base on sales amount) Fixed selling costs per year 0.10 600,000 Administrative costs: Fixed administrative costs per year 800,000 At the start of 2017, there was no beginning inventory. During 2017, the company produced and soid 2.000 units, During 2018, the company produced 2,500 units but still sold only 2,000 units Required: A. Calculate the following cost for 2017 and 2018 1. Total prime cost av 2. Total Production cost and unit production cost (10 marks) B. Prepare income statements for 2017 and 2018 (10 marks) Total: 20 Marks

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