QUESTION 3 Denton Company Sdn. Bhd. manufactures and sells a single product. Cost data for the product are given below: Variable cost per unit: Direct material RM7 Direct labour RM10 Variable manufacturing overhead RM5 Variable selling and administrative costs RM3 Total variable cost per unit RM25 Fixed cost per month: Fixed manufacturing overhead Fixed selling and administrative Total Fixed cost per month RM315,000 RM245,000 RM560,000 The product sells for RM60 per unit. Production and sales data for April and May 2020, the first two months of operations, follow: Units produced Units sold April 17,500 15,000 May 17,500 20,000 Required: a. Determine the unit product cost under: i. Absorption costing ii. Variable costing b. Prepare variable and absorption costing income statement for April and May 2020