Question 3 (20 Marks) Tureno Levin Sdn Bhd started business on 1 January 2018, manufacturing one single product called as 'AE89', the standard cost for which are as follows: Direct material 3 kg @ RM 5 per kg Direct labour 2 hrs @ RM 5 per hour Variable overheads RM 3.00 per direct labour hour Fixed overheads RM 7.00 per direct labour hour The fixed overhead has been calculated on a basis of a budgeted annual output of 36,000 units, to accrue evenly over each month. Monthly selling overheads consisting of 10% variable and RM8,000 fixed. The selling price per unit is RM 60, and the number of units produced and sold for the first two months were as follows: Production Sales January 2,000 1,500 February 3,000 3,200 Required: (a) Prepare a statement showing the profits for January and February, using : (i) Marginal costing (8 marks) Absorption costing (12 marks)