Question 11]QU HD1 ALWAYS Factory has just completed its second year of operation and the unit cost are as follows: Direct Material RM8.00 per unit Direct labour RM15.00 per unit Variable manufacturing overhead RM4.50 per unit Variable marketing expense RM6.00 per unit Fixed cost (70% related to manufacturing) RM300,000 (in total) The production information for the company for the current year is as follows: Total number of units produced during the year ended 31 December 2018 were 15,000 units. There were 2,000 units in inventory as at 1 January 2018 and 5,000 units as at 31 December 2018. During the year, a total of 12,000 units were sold at RM80 per unit. You are required to prepare:[unclear][unclear][unclear][unclear][unclear][unclear][unclear][unclear][unclear] [unclear] [unclear][unclear] [unclear] a. Profit and loss statement for the year ended 31 December 2018 using the absorption costing format. [unclear] b. Profit and loss statement for the year ended 31 December 2018 using the variable costing format C. A statement of reconciliation of net profit between absorption costing and variable costing