General Motors (GM) produces two types of vehicles, Sedans and SUVs. The following cost data is provided:

Cost Item	Sedans	SUVs
Direct Material	$12,000/unit	$18,000/unit
Direct Labor	$5,000/unit	$7,500/unit
Overhead	150% of direct labor cost	130% of direct labor cost

Additional Information:

• Production for Sedans: 10,000 units
• Production for SUVs: 8,000 units

Requirements:

1. Calculate the total cost for Sedans and SUVs.
2. Determine the cost per unit for each vehicle.
3. Prepare a cost sheet for both vehicles.
4. Compare the cost structures and suggest which vehicle is more cost-effective.
5. Recommend strategies for cost reduction and pricing to enhance profitability.