Tijule Ltd. has a budgeted capacity of 20,000 units. The following information relates to cost, production, sales and stocks for the periods in question. The company sells one unit of its product for $600: Cost per unit Details $ Direct materials 130 Direct labour 90 Variable overheads 30 250 Fixed costs 60 Total costs 310 Details May 2013 Production 23,000 units Sales 27,000 units Opening stocks 7,000 units Closing stocks 9,000 units Fixed selling and administrative costs are estimated at $1,500,000 per month. Required: (a) Show the profit situation using marginal costing techniques. (10 marks) (b) Show the profit situation using absorption costing techniques. (12 marks) (c) Show the profit reconciliation. (4 marks) (d) Refer to the above calculations and briefly explain the concept of over/under absorption of overheads. (2 marks) [CLO 2] (e) Determine the contribution to sales ratio. (4 marks) (f) Find the break-even point in units and sales revenue. (5 marks) (g) Determine the margin of safety in units as well as a percentage of budgeted sales.