A Company started its business in 2010 producing luxury handbags for young ladies. The normal production of handbags at an average of 3,300 units annually. The actual production sales for the year 2019, 2020 and 2021 are as follows: Year 2019 2020 2021 Actual production (units) 2,400 3,300 4,200 Sales (units) 2,000 3,500 4,000 The selling price, cost and expenses for the handbags are: Selling price per handbag Direct raw materials costs per handbag Direct labour costs per handbag Variable manufacturing overhead per handbag Fixed manufacturing overhead per month Sales commission Selling and administrative expenses per month RM 10,000 5,000 2,000 1,000 330,000 10% on sales 198,000 Required a) Calculate the product cost per unit of handbag by using absorption costing and variable costing. b) Prepare the income statement for year 2019, 2020 and 2021 by using absorption costing