From the information given below you are required to 1. Prepare a standard cost sheet for one unit and enter on the standard cost sheet the cost to show sub-totals for: 0 Prime cost () Variable production cost () Total production cost (v) Total cost 2 Calculate the selling price per unit allowing for a profit of 15 per cent of the seling price The following data are given: Budgeted output for the year 9,800 units Standard details for one unit Direct material 40 square metres at $5.30 per square metre Direct wages: Bonding department 48 hours at $2 50 per hour Finishing department 30 hours at $1.90 per hour Budgeted costs and hours per annum Variable overhead. hours) Bonding 375,000 500,000 150,000 300,000 Finishing department Fixed overhead hours) 392,000 Production Selling and distribution Administration 196,000 98,000