Calculate$-$it $($Pty$)$ Ltd manufactures two type of calculators in its factory in Polokwane Limpopo, namely, Ordinary Calculator and Scientific Calculator. Both calculators are used by learners in subjects like Accounting, Mathematics, Physical Sciences, etc. Each individual calculator is seen as one unit. $20$ completed units of Scientific Calculator are packaged in one box and packaging is considered essential to the manufacturing process, treated as "Other direct manufacturing costs". Each empty box costs R$40.$ During the financial year ended $30$ April $2025,4500$ units of Scientific Calculator were actually manufactured, of which $3800$ were sold. There was no opening inventory at the beginning of the financial year. Market research has revealed some interesting information, that should the company decrease the selling price by $5\%,$ the sales volume would increase by $10\%.$ The following actual figures relate to Scientific Calculator for the year ended $30$ April $2025$: Selling price R$760$ per unit Direct material R$200$ per unit Indirect material $($variable$)$ R$60$ per unit Direct labour R$150$ per unit Commission on sales $5\%$ Total budgeted fixed manufacturing overheads amounted to R$500000$ for the financial year ended $30$ April $2025.$ A blanket overhead rate is used and is based on normal average longrun production capacity. Actual fixed costs of the company for the financial year included the following: Indirect labour $($factory supervisor$$s salary$)$ R$180000$ Water and electricity: factory R$130000$ Factory rental plus depreciation and maintenance of factory machines R$105000$ The normal average long$-$run production capacity is as follows and have been used in the production budget for the $2025$ financial year: Product Units Scientific Calculator $5000$ Ordinary Calculator $5000$ MAC$2601$ EXN OVER$]$ REQUIRED Mark $($a$)$ Prepare the actual statement of comprehensive income for the year ended $30$ April $2025$ for Scientific Calculator using absorption costing principles. Columns for ordinary calculator and the company totals are not required. $(12)($b$)$ Calculate the value of the closing inventory of Scientific Calculator be on $30$ April $2025$ if direct costing was used in $($a$)$ above. $(4)($c$)$ Briefly explain why the budgeted fixed manufacturing overhead allocation rate is used rather than the actual fixed manufacturing overhead rate when product cost is determined under absorption costing. $(2)($d$)$ Calculate the over$/$under recovered overheads for Calculate$-$it $($Pty$)$ Ltd for the financial year and prepare a journal entry to show how this over$/$under recovery would normally be dealt with in Calculate$-$it $($Pty$)$ Ltd$$s books at the end of the financial year ended $30$ April $2025.(4)($e$)$ Name three $(3)$ possible causes of over$/$under applied overheads. $(3)($f$)$ Write a brief report to Calculate$-$it $($Pty$)$ Ltd$$s management highlighting the impact on Scientific Calculator$$s gross profit assuming