Samsung produces two types of electronic devices, Smartphones and Tablets. The following cost data is provided:

Cost Item	Smartphones	Tablets
Direct Material	$200/unit	$250/unit
Direct Labor	$50/unit	$70/unit
Overhead	160% of direct labor cost	140% of direct labor cost

Additional Information:

• Production for Smartphones: 150,000 units
• Production for Tablets: 100,000 units

Requirements:

1. Calculate the total cost for Smartphones and Tablets.
2. Determine the cost per unit for each product.
3. Prepare a cost sheet for both products.
4. Compare the cost structures and suggest which product is more profitable.
5. Recommend strategies for cost reduction and efficiency improvement.