Samsung is producing three types of electronics: Smartphones, Tablets, and Televisions. The cost data is as follows:

• Smartphones:
  • Direct Materials: $70,000,000
  • Direct Labor: $40,000,000
  • Overhead Rate: 120%
• Tablets:
  • Direct Materials: $50,000,000
  • Direct Labor: $30,000,000
  • Overhead Rate: 130%
• Televisions:
  • Direct Materials: $90,000,000
  • Direct Labor: $50,000,000
  • Overhead Rate: 110%

Requirements:

1. Calculate the total manufacturing cost for each product.
2. Determine the total overhead applied to each job.
3. Prepare a Job Cost Sheet for each product.
4. Compute the cost per unit if Samsung produces 1,000,000 units of Smartphones, 500,000 units of Tablets, and 300,000 units of Televisions.
5. Prepare a Balance Sheet reflecting these job costs.