Problem 1 Budgeted unit cost and price of UNO product for the April 2015: Selling price per unit Direct materials (2 kgs$1 per kg) Skilled labour 1 hour$8 per hour Variable overheads Fixed overheads Net profit per unit Budgeted sales $25 2 8 3 2 10 10 000 units Variable overheads are determined by using the skilled labour hours while fixed overheads are absorbed on the budgeted sale units. Management accounting system produced the following operating statement for the April 2015: Actual sales amount Direct materials used Skilled labour used 9 000 units 16 000kgs 9 500 hours 100 000 9 000 10 000 Budgeted profit Sales price Sales volume Material price Material efficiency Labour Efficiency Labour price VOH Foh spending Foh volume 4 000 2 000 -4 000 4 750 3 875 -2 000 -2 000 89 875 Actual profit Required: Provide a report showing calculation of actual profit o Calculate the actual unit selling price and direct costs (clearly showing material and labour prices and usage per unit) for April 2015. o Estimate the total amount of actual variable and fixed overheads incurred for the same period. Use the table format for your answer (operating profit and loss statement)