Alpha Electronics plans to purchase electronic components in six months. It enters into a forward contract to buy $10,000$ units at $$50$ each. The current spot price is $$55.$ Additionally, Alpha hedges using a futures contract, agreeing to buy $10,000$ units at $$52.$ The actual spot and futures prices in six months are $$58$ and $$55,$ respectively.

Calculate and interpret the total cost savings or additional expenses from using the forward contract.

Calculate and interpret the total cost savings or additional expenses from using the futures contract.