statements for June and July using: (i) Absorption costing (ii) Marginal costing. A company produces and sells one product only. The product is sold for RM50.00 for each item. There was no inventory at the end of May. Other information is as follows: Standard cost per unit Direct material Direct wages Variable production overhead RM 18 4 3 Other costs - budgeted and actual Fixed production overhead per month 99,000 Fixed selling expenses per month 14,000 Variable selling expenses -10% of sales Fixed administrative expenses Normal capacity is 11,000 units per month The number of units produced and sold was: 26,000 Sales Production June 12,800 14,000 July 11,000 10,200