QUESTION 3 (25 MARKS) Super Company makes and sells one product, the Hero. The following information...

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QUESTION 3 (25 MARKS) Super Company makes and sells one product, the Hero. The following information is available: Financial data: Production (units) Sales (units) 2,500 2,300 Unit selling price Unit cost: Direct materials Direct labor Variable production overheads Fixed production overheads Variable selling overheads RM 90 15 18 12 30 1 Fixed administration overheads for the period were RM13,500. Assume there is no opening inventory for the company. Required: a. Prepare an income statement based on marginal costing method. (13 MARKS) b. Prepare an income statement based on absorption costing method. (12 MARKS) QUESTION 3 (25 MARKS) Super Company makes and sells one product, the Hero. The following information is available: Financial data: Production (units) Sales (units) 2,500 2,300 Unit selling price Unit cost: Direct materials Direct labor Variable production overheads Fixed production overheads Variable selling overheads RM 90 15 18 12 30 1 Fixed administration overheads for the period were RM13,500. Assume there is no opening inventory for the company. Required: a. Prepare an income statement based on marginal costing method. (13 MARKS) b. Prepare an income statement based on absorption costing method. (12 MARKS)