Wira Industrial Berhad makes and sells one product, which has the following standard variable production costs per unit. Direct Materials cost (2 kg at RM25 per kg) Direct labour cost (3 hours at RM40 per hour) Variable production overhead costs (RM10 per labour hour) The budgeted selling price per unit is RM400 for the year. The production and sales budgets are as follows: 2017 Production in units 50,000 Sales in units 40,000 There is no opening inventory at the beginning of 2017. Budgeted fixed production overhead costs are RM20 per unit, and they are absorbed based on a normal production level of 54,000 units per annum. The budgeted non-production costs are as follows: RM10 per unit sold Variable non-production overhead costs Fixed non-production overhead costs per annum RM2,000,000 You are required: Prepare the budgeted operating statements for the year 2017 using absorption costing systems. (20 marks)