Toyota produces two types of cars, Corolla and Camry. The following cost data pertains to these models:

Cost Item	Corolla	Camry
Direct Material	$8,000/unit	$12,000/unit
Direct Labor	$3,000/unit	$4,000/unit
Overhead	180% of direct labor cost	150% of direct labor cost

Additional Information:

• Production for Corolla: 50,000 units
• Production for Camry: 40,000 units

Requirements:

1. Calculate the total cost for Corolla and Camry.
2. Determine the cost per unit for each model.
3. Prepare a cost sheet for both models.
4. Compare the cost structures and suggest which model is more cost-effective.

Recommend pricing strategies based on the cost analysis.