Question 320 marks) Beauty May Skincare Bhd. (BMSB) manufactures and sells a wide range of skincare products. A set of skincare products called MyBeauty comprises of deep cleanser, toning lotion and moisturiser is sold for RM150 per set. The yearly fixed manufacturing overhead of RM50,000 are absorbed into the cost of production at a unit rate based on normal activity level of 10,000 units per year. Below are the information on the product costs and non-manufacturing costs for a current period: Variable costs Direct material (per unit) Direct labour (per unit) Variable production overhead (per unit) MyBeauty Skincare (RM) 40 25 10 The company incurs the administrative, selling and distribution costs which have semi-variable clements. The variable costs are estimated based on 1% of sales value, while fixed costs are expected to be incurred at RM45,000 annually. It is assumed that there is no beginning inventory on 1 April 2019. The following data is pertaining to the company's actual production and sales units for the year ended 31 March 2020 and 2021: Year Production (in units) Sales (in units) 31 March 2020 20.000 18.000 31 March 2021 15.000 16.000 Required: Using an Absorption and Marginal costing systems: Calculate the unit cost of product. [3 marks] Prepare a profit statement for the year ended 31 March 2020 and 2021 [14 marks)