Telaga Emas Company produces and sells a single products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the Malaysia. The following cost and revenue data relate to May, the first month of the plant's operation: Beginning inventory Units produced Units sold Selling price per unit 0 10,000 8,000 RM75 RM6 RM200,000 Selling and administrative expenses: Variable per unit Fixed (total) Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead (per unit) Fixed manufacturing overhead cost (total) RM20 RM8 RM2 RM100,000 Management is anxious to see how profitable the new camp cot will be and has asked that an income statement be prepared for May. 3 MKM 1033 INTRODUCTION TO MANAGEMENT ACCOUNTING Required: A. Compute the unit product cost under absorption costing method and prepare a statement of comprehensive income for this company using absorption method. (13 marks) B Compute the unit product cost under variable costing method and prepare a statement of comprehensive income using variable method. (12 marks)