(e) The following details have been extracted from KL's budget: Selling price per unit $140 Variable production costs per unit $45 Fixed production costs per unit $32 The budgeted fixed production cost per unit was based on a normal capacity of 11,000 units per month. Actual details for the months of January and February are given below: January February Production volume (units) 10,000 11,500 Sales volume (units) 9,800 11,200 Selling price per unit $135 $140 Variable production cost per unit $45 $45 Total fixed production costs $350,000 $340,000 There was no closing inventory at the end of December. Required: (i) Calculate the actual profit for January and February using absorption costing. You should assume that any under / over absorption of fixed overheads is debited / credited to the Income Statement each month. (3 marks) (ii) The actual profit figure for the month of January using marginal costing was $532,000. Explain, using appropriate calculations, why there is a difference between the actual profit figures for January using marginal costing and using absorption costing. (2 marks) (Total for sub-question (e) = 5 marks)