Question 4 M limited makes and sell a single product. The following data relates to period 1 - 4 Variable Cost per unit - RM 30 Fixed Cost per unit - RM 6,000 Selling price per unit - RM 55 Normal activity is 500 units and below are the production/sales figures in units: Period Period Period Period 1 2 3 4 Sales 500 400 550 450 Productions 500 500 450 500 There were NO opening stock for start period 1. Required: a) Prepare operating statements from period 1-4 using marginal costing principles. (4 marks) b) Prepare operating statements from period 1-4 using absorption costing principles. marks) (6 Total (10 marks) Question 4 M limited makes and sell a single product. The following data relates to period 1 - 4 Variable Cost per unit - RM 30 Fixed Cost per unit - RM 6,000 Selling price per unit - RM 55 Normal activity is 500 units and below are the production/sales figures in units: Period Period Period Period 1 2 3 4 Sales 500 400 550 450 Productions 500 500 450 500 There were NO opening stock for start period 1. Required: a) Prepare operating statements from period 1-4 using marginal costing principles. (4 marks) b) Prepare operating statements from period 1-4 using absorption costing principles. marks) (6 Total (10 marks)