Question 2 (a) Murni Furniture Bhd produces a type of office furniture known as MISL, with the full capacity of 6,000 units of MISL. Production data for 2017 is as follows: Costs Direct Labour Advertising Factory supervision Sales commission Factory insurance Depreciation of office equipment Factory equipment rental Direct materials Indirect materials Depreciation of factory building Office maintenance Office staff salary Utilities (factory 60%, office 40%) RM 113,280 48,000 38,400 48,000 2,500 3,800 20,000 90,240 15,700 9,600 4,800 51,000 19,200 Required: Compute the following costs: (i) (ii) (iii) Prime cost Factory overhead cost Conversion cost (2 marks) (6 marks) (2 marks) (b) Yee Sdn Bhd pays its production workers a differential piece rate. The rate is as follows: Up to 100 units per week 101 to 150 units per week 151 to 200 units per week Above 200 units per week RM2.00 RM2.10 RM2.25 RM2.50 In a typical week, Employee A completes 120 units, Employee B completes 155 units and Employee C completes 100 units. Required: Calculate the wages for each employee. (6 marks) (c) Colton Sdn Bhd is a small manufacturing company. Colton is planning to split its current finance department into two departments: financial accounting department and management accounting department. You have been appointed to head the management accounting department. As your first task, your Chief Financial Officer (CFO) has asked you present to the board, explaining the difference between the financial accounting and management accounting. Required: Discuss the differences between the financial accounting and management accounting in ANY THREE (3) aspects. (9 marks) (Total: 25 marks)