General Motors (GM) has the following cost information for its car models: Chevrolet, Cadillac, and GMC:

• Chevrolet: Direct Materials: $30,000,000; Direct Labor: $15,000,000; Overhead Rate: 140%
• Cadillac: Direct Materials: $50,000,000; Direct Labor: $20,000,000; Overhead Rate: 140%
• GMC: Direct Materials: $40,000,000; Direct Labor: $18,000,000; Overhead Rate: 140%

Requirements:

1. Calculate the total manufacturing cost for each car model.
2. Compute the total overhead applied to each model.
3. Prepare a cost of goods manufactured statement for GM.
4. Determine the selling price per unit if the markup percentage is 25% on the total cost.
5. Discuss the potential profitability of each car model.