Zinc Manufacturing Sdn. Bhd. started its business on 1 March 2019. In the coming year, the Company expects a normal production output of 36,000 units per annum for its prime product, Valia. The following is the standard cost card for a unit of Valia: Costs Direct Material Direct Labor RM 8.00 5.00 Variable production overhead 2.00 Fixed production overhead 5.00 Each unit of Valia is expected to sell at RM35. Selling expenses are estimated at: Fixed RM10.000 Variable 15% of total sales value The Company expects to produce 2,000 units of Valia in the first month (March 2019) of its operation. Budgeted sales is forecasted at 1,500 units during March 2019. Required: a) What would be Zinc Manufacturing Sdn. Bhd. 's finished good inventory cost on 31 March 2019 under: i. absorption costing method ii. variable costing method b) Prepare income statements for March 2018 using: i. absorption costing method ii. variable costing method (4 marks) (7 marks) c) Reconcile the differences in net income under the two costing approaches. (3 marks) d) Comment on the differences in net income between both costing method used. (3 marks) e) Why is variable costing income statement useful for decision-making and performance evaluation