Toyota Motor Corporation manufactures vehicles using batch costing. In March 2030, the company produces 5 batches of cars with the following costs:

Batch	Direct Materials ($)	Direct Labor ($)	Factory Overhead ($)
Batch 1	60,000,000	25,000,000	18,000,000
Batch 2	62,000,000	26,000,000	19,000,000
Batch 3	61,000,000	25,500,000	18,500,000
Batch 4	65,000,000	27,000,000	20,000,000
Batch 5	68,000,000	28,000,000	21,000,000

Overhead expenses include Administration: $10 million, Selling: $12 million, and Distribution: $8 million.

Required:

• Calculate the total manufacturing costs for each batch.
• Determine the overhead allocation rate based on direct labor costs.
• Allocate overhead expenses to each batch using the traditional costing method.
• Analyze the impact of overhead allocation on batch costing.
• Prepare a batch costing statement for Toyota Motor Corporation.