General Electric (GE) provided the following data for its manufacturing division:

• Direct Materials: $3,000,000
• Direct Labor: $2,500,000
• Variable Manufacturing Overhead: $1,500,000
• Fixed Manufacturing Overhead: $2,000,000
• Production Volume: 500,000 units

Requirements:

1. Prepare a Cost Sheet.
2. Calculate the total cost per unit.
3. Determine the total manufacturing costs.
4. Analyze the effect of a 15% increase in production volume on total manufacturing costs.
5. Discuss the impact of fixed and variable costs on cost control.