QUESTION ONE The following data are given for product DRIM69 Budgeted output for the year: 9800 units Standard details for one unit: Direct materials: 40 square metres at K5.30 per square metre Direct wages: Bonding department 48 hours at K12.50 per hour Finishing department 30 hours at K7.60 per hour Budgeted costs and hours per annum: (K) Variable overhead: (hours) Bonding department 375000 500000 150000 Finishing department 300000 Fixed overhead: (K) Production 392000 Selling and distribution 196000 Required: A. Prepare a standard cost sheet for one unit and enter on the standard cost sheet the costs to show sub-totals for: [4 (a) prime cost Marks] [4 (b) variable production cost Marks] [4 (c) total production cost Marks] [4 (d) total cost Marks] B. Calculate the selling price per unit allowing for a profit of 15 per cent of the selling price. [5 Marks] C. Calculate the amount of the profit per unit. [4 Marks] [Total; 25 Marks]