Question 4 Catboory Dairies Sdn Bhd, has provided the following data concerning its most recent month of operations: RM78 0 8,800 8,700 Selling price Units in beginning inventory Units produced Units sold Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense RM6 RM9 RM3 RM4 RM105,600 RM87,000 Required: a) Prepare an income statement for the month using the variable costing method. (8 marks) b) Prepare an income statement for the month using the absorption costing method. (6 marks) c) Explain the difference in net operating income of both methods. (6 marks) Total: 20 marks