Kalusale Mining Corporation $($KMC$),$ is a medium sized mining firm situated in Northern$-$Western province of Zambia. KMC is owned by graduates of the Copperbelt University who after working for Mafukeni Copper Mines $($MCP$)$ and Chililabombwe Copper Mines $($CCM$)$ in the Copperbelt, decided to set out in business in Solwezi district. KMC exports three $(3)$ versions of copper products namely Anodes, Cathodes and Blisters to foreign markets both in Africa and Europe. The following data relates to a typical production cycle of KMC: The selling price per unit of Copper Cathodes is K$60.$ Variable production cost is K$35$ per unit and fixed production costs of K$30,000$ per period are recovered on the basis of the normal capacity of $5,000$ units per period. Fixed administration, selling and distribution overheads are K$19,000$ per period. There was no opening inventory for the latest period Required: Calculate the profit reported for sales of $5,000$ units last period for production volumes of $5,000$ units, $6,000$ units and $7,000$ units, using: Absorption Costing $(6$marks$)$ Marginal Costing $(6$ marks$)$ State Four $(4)$ the advantages of marginal Costing $(4$ marks$)$ Outline Four $(4)$ limitations of absorption costing Instructions $1.$ Show only the calculations no explanation. $2.$ Show all calculations clearlu. $3.$ Answer all the questions given don't leave any questions $.$