Sony Corporation is producing three types of entertainment systems: PlayStation, Blu-ray Players, and Home Theater Systems. The following cost data is provided:

• PlayStation:
  • Direct Materials: $70,000,000
  • Direct Labor: $45,000,000
  • Overhead Rate: 110%
• Blu-ray Players:
  • Direct Materials: $20,000,000
  • Direct Labor: $12,000,000
  • Overhead Rate: 120%
• Home Theater Systems:
  • Direct Materials: $50,000,000
  • Direct Labor: $30,000,000
  • Overhead Rate: 130%

Requirements:

1. Compute the total manufacturing cost for each system.
2. Determine the total overhead applied to each job.
3. Prepare a Job Cost Sheet for each system.
4. Calculate the cost per unit if Sony produces 1,000,000 units of PlayStation, 500,000 units of Blu-ray Players, and 300,000 units of Home Theater Systems.
5. Prepare an Income Statement reflecting these job costs.