The purpose of this assignment is to enable students to understand the difference between marginal costing and absorption costing. Muiz Berhad is a food product manufacturing company. The following is information related to production costs The selling price has been set at RM5.00 per unit. The sales commission is 5% of the total sales (RM). The following is information related to production and sales units for the years 2021 and 2022. Ending inventory for 2022 is 10,000 units Be required: a) Calculate the cost per unit of product using the marginal costing and absorption costing methods. 16 marks) b) Prepare an income statement for the years 2021 and 2022 using the marginal costing and absorption costing methods (16 marks) c) Adjust the net profit difference between marginal costing and absorption costing for the years 2021 and 2022. (4 marks) d) Briefly explain why there is a difference in net profit between marginal costing and absorption costing methods. (4 marks)