Question 2 Seroja Sdn Bhd produces handicrafts for overseas markets. The costs for December 2018 are as follows: Unit Beginning Inventory 0 Sales unit 10 000 Production unit 12 000 Ending inventory 2 000 RM Selling price per unit 30.00 Variable Manufacturing cost per unit: Direct material 6.00 Direct labor 4.00 Overhead 2.00 Variable selling and administrative cost per unit 2.50 Fixed overhead cost per annum 72 000 Fixed selling and administrative cost per annum 36 000 REQUIRED: a) Prepare absorption costing and marginal costing (Net profit absorption : RM 147 000. Net profit marginal RM 146 000) b) Prepare a profit adjustment for both methods