Johnson & Johnson is manufacturing three types of medical devices: X-ray Machines, MRI Machines, and Ultrasound Machines. The following data is provided:

• X-ray Machines:
  • Direct Materials: $25,000,000
  • Direct Labor: $15,000,000
  • Overhead Rate: 140%
• MRI Machines:
  • Direct Materials: $35,000,000
  • Direct Labor: $20,000,000
  • Overhead Rate: 130%
• Ultrasound Machines:
  • Direct Materials: $20,000,000
  • Direct Labor: $12,000,000
  • Overhead Rate: 120%

Requirements:

1. Compute the total cost for each type of medical device.
2. Calculate the total manufacturing overhead applied to each job.
3. Prepare a Job Cost Sheet for each device.
4. Determine the cost per unit if Johnson & Johnson produces 200 units of X-ray Machines, 150 units of MRI Machines, and 300 units of Ultrasound Machines.
5. Prepare an Equity Statement reflecting these job costs.