QUESTION 3 Below is the information on budgeted and standard costs of Pesona Sdn. Bhd. The company produced product "X" and start operation on 1 January 2019. Sales price -X Direct material cost Direct labour cost Variable overhead cost RM per unit 40.00 10.00 4.00 2.50 The budgeted fixed production overhead cost is RM1,200,000 per year. The normal capacity is 960,000 unit per year. The budgeted sales and distribution cost is as follows: Variable Fixed RM1.50/unit sold RM80,000/month The budgeted fixed administration cost is RM120,000 per month. Below is the unit produced and sold in January 2019. Sales (unit) Production (unit) 60,000 unit 70,000 unit You are required to prepare the income statement for Jan 2019 using below method: a. Marginal Costing b. Absorption Costing