QUESTION 3 (25 MARKS) Star Sdn Bhd produces limited-edition stainless-steel wok which is sold to restaurants and other users. Each wok is sold at RM89 per unit and the budgeted normal production per month is 3,750 units. The cost information relates to the products is as follows: Variable cost per unit: RM Direct material 15.00 Direct labour 14.00 Variable production overhead 7.00 2.00 Variable selling overhead Budgeted fixed cost per month: RM Fixed factory overhead 45,000 Fixed selling and distribution overhead 5,000 Fixed administrative overhead 10,000 Fixed production overhead is to be absorbed to the product based on normal production units. For the month of April 2019, the units produced and sold were 4,000 and 3,500 respectively. There were 500 units of wok in store on 31st March 2021. All fixed costs were incurred as per budgeted. Required: i. Prepare the Statement of Profit or Loss for the month of April 2021 using: (a) The marginal costing approach (b) The absorption costing approach (10 marks) (11 marks) ii. Reconcile the difference in profits derived from the two approaches. (4 marks)