$4 CHA PTER 2 AN INTRODUCTION TO COST TERMS AND IM2,4 Intermediate: Product cost calculation. From the information given below you are required to: (a) Prepare a standard cost sheet for one unit and enter on the standard cost sheet the costs to show sub-totals for: (i) prime cost; (ii) variable production cost; (ii) total production cost Fi (iv) total cost. (b) Calculate the selling price per unit allowing for a profit of 15 per cent)of the selling price. The following data are given: Budgeted output for the year 9800 units Standard details for one unit: Direct materials 40 square metres at 5.30 per square metre Direct wages: Bonding department 48 hours at 12.50 per hour Finishing department 30 hours at 7.60 per hour ully pmu $4 CHA PTER 2 AN INTRODUCTION TO COST TERMS AND IM2,4 Intermediate: Product cost calculation. From the information given below you are required to: (a) Prepare a standard cost sheet for one unit and enter on the standard cost sheet the costs to show sub-totals for: (i) prime cost; (ii) variable production cost; (ii) total production cost Fi (iv) total cost. (b) Calculate the selling price per unit allowing for a profit of 15 per cent)of the selling price. The following data are given: Budgeted output for the year 9800 units Standard details for one unit: Direct materials 40 square metres at 5.30 per square metre Direct wages: Bonding department 48 hours at 12.50 per hour Finishing department 30 hours at 7.60 per hour ully pmu