ABC Company manufactures a single product, the claud. The following budgeted figures relate to the claud for a one year period.

Sales & productions (units) 1,600

Sales $32,000

Productions costs:

variable $12,800

fixed $3,200

Sales & distribution costs:

Variable $6,400

fixed $4,800

Fixed are incurred evenly throughout the year, and actual fixed costs are the same as budgeted . Actual variable costs per unit are also the same as budgeted. All of the variable production costs are direct costs. There were no inventories of claud at the beginning of the year. In the first quarter 440 units were produced and 320 units sold

Calculate the fixed production costs absorbed by Claud in the first quarter if absorption costing is used.

Calculate the under/over recovery of overheads during the quarter.

Calculate the profit using absorption costing.

Calculate the profit using marginal costing.