Nestl and Unilever are multinational food and beverage companies known for their diverse product portfolios. They use process costing to allocate production costs for their

Nestlé and Unilever are multinational food and beverage companies known for their diverse product portfolios. They use process costing to allocate production costs for their popular food items.

Scenario: Nestlé produces its flagship chocolate bar, while Unilever manufactures its best-selling ice cream product. The production costs for each item include direct materials, direct labor, and manufacturing overhead.

Product	Direct Materials Cost	Direct Labor Cost	Manufacturing Overhead Cost
Nestlé Chocolate	$1.00	$0.50	$0.75
Unilever Ice Cream	$2.00	$0.75	$1.00

Requirements:

1. Calculate the total manufacturing cost per unit for Nestlé's chocolate bar.
2. Determine the total manufacturing cost per unit for Unilever's ice cream product.
3. Compare the production costs and pricing strategies of Nestlé and Unilever for their respective food items.