General Electric produces electrical appliances. The following information is provided for its product line:

Cost Item	Direct Material	Direct Labor	Variable Overhead	Fixed Overhead
Washing Machines	$100/unit	$40/unit	$20/unit	$30,000
Refrigerators	$150/unit	$50/unit	$25/unit	$50,000

Additional Information:

• Production for Washing Machines: 10,000 units
• Production for Refrigerators: 8,000 units

Requirements:

1. Compute the total variable cost for Washing Machines and Refrigerators.
2. Allocate fixed overhead to each product based on production units.
3. Determine the total cost for each product.
4. Prepare a cost sheet for both products.
5. Analyze the cost structures and suggest improvements.