Procter & Gamble produces batches of detergent. In August 2040, the company produces 60 batches costing $6,000,000 in total. Each batch size varies from 10,000 to 20,000 units.

Requirements:

• Allocate costs to each batch based on batch size.
• Calculate the cost per unit for each batch.
• Perform a cost variance analysis for each batch.
• Prepare a cost reconciliation statement.
• Recommend ways to improve cost efficiency and reduce waste.