(a) The following are the costing records for the year 2017 of a manufacturer: Production 20,000 units; Cost of Raw Materials 2,00,000; Labour Cost 1,20,000; Factory Overheads 80,000; Office Overheads 40,000; Selling Expenses 10,000, Rate of Profit 25% on the Selling Price. The manufacturer decided to produce 25,000 units in 2017. It is estimated that the cost of raw materials will increase by 20%, the labour cost will increase by 10%, 50% of the overhead charges are fixed and the other 50% are variable. The selling expenses per unit will be reduced by 20%. The rate of profit will remain the same. Prepare a Cost Statement for the year 2017 showing the total profit and selling price per unit. [8]