Question 2 (Total: 17 marks) Moonlight Sdn Bhd produces a single product. The product requires a single operation and uses a standard marginal costing system. The standard cost for this product is as follows: The budgeted output and sales for June was 10,000 units. Annual budgeted fixed overheads are RM3,600,000 and are assumed to be incurred evenly throughout the year. The actual production and sales for the month of June were 9,000 units. The actual results for the period were as follows: RMA Required: a) The budgeted profit for the month of June is RM (1 mark) b) Reconcile the budgeted profit with the actual profit for the month of June, showing all the necessary variances as required. All answers are to be rounded to the nearest RM. (13 marks) c) If Moonlight is to use an absorption costing system, some of the variances would differ, which can be shown below