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)10,00011,500

Sales volume (units)9,80011,200

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.